ICICI is unlikely to list its stock broking subsidiary, ICICI Securities, for the time, in view of hard market conditions. ICICI Bank Joint Managing Director Chanda Kochhar said that they would do it when the market is good. In January, the bank board had permitted offloading 15 per cent of ICICI Securities to retail and institutional investors. First they will list ICICI Securities as the insurance business is on a steep growth phase.
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