Two years of contraction following the global economic slowdown had been a painful phase for ICICI Bank. But gradually the largest private sector lender of the country seems to be returning back to track and is likely to see 'meaningful growth' as phrased by CEO and MD, Chanda Kochhar.

Kochhar said that personal loan and credit card portfolios will not been shrinked further though there is no further scope of expansion too.

The basic motto of the bank is "profitable and sustainable" growth, she added.

The balance sheet fo the bank will se a growth trend by 15-18% this year following a two year gap.

"In terms of consolidation, I think we have more than achieved what we set out to. That has made our balance sheet even stronger to get on to the growth track. From here, we are clearly looking at growth," she said.

Talking about the home loan market and the aggressive steps taken by State Bank of India in this regard, she said, "The home loan market is growing at a reasonable rate. I think players will do well following the growth of the market. There is enough growth for everyone. If we just follow the demand, we all will have decent growth at a sustainable profit. That is important."

ICICI has over 2,500 branches and plans to set up another 300-400 next financial year.