ICICI Bank Targets 30-35% Growth

India''s second-largest bank, ICICI Bank, is targeting for growth of 30 to 35 percent over the next three years as strong economic growth underpins investment and corporate loan demand. A $4.9 billion share sale this year -- the country''s largest was sufficient to help meet that growth target, so the bank did not plan a return to the equity markets. Still, ICICI, which braved jittery bond markets in September to raise $2 billion, will keep tapping global debt markets to fund lending. ICICI Bank said consumer credit growth in India was expected to slow to between 10 to 15 percent, from 30 to 35 percent earlier, but borrowing from corporate clients would take up the slack, growing at a rate of 30 percent.