Following a slash in its lending rates by a 50 basis points, the private sector lender ICICI said that it expects a boost in the home loan, car loan and corporate loans business in this fiscal.

Chanda Kochhar, managing director, ICICI Bank, said, "Deposits are growing, new customers are opening accounts, existing customers are putting back their deposits."

Commenting on the performance of the bank, last fiscal, Kochhar said, last fiscal was bad when the performance of the bank fell by a 10 percent.

She expressed her confidence in the performance of the bank in the current fiscal, stating that a growth rate of 24-25 percent is expected in housing, corporate and car loan segments. "We clearly see change of scenario. The pressure that were on us, specifically during October-November period, I think that period is behind us and we are seeing the confidence of depositors coming back," Kochhar said.

However the lower credit exposure in the small-ticket loans including personal loans, would keep the cumulative balance-sheet growth to below 20 percent, she said.

On Friday, ICICI Bank reduced its benchmark advance rate (I-BAR) and floating reference rate (FRR) to 15.75 percent and 12.75 percent from the earlier 16.25 percent and 13.25 percent respectively.