ICICI Bank executive director Kalpana Morparia on Wednesday said the bank was expecting at least a Rs 10,000 crore (Rs 100 billion) jump in its retail advances during the current financial year and was poised to grow organically.

The bank, which was aspiring to become a global bank from India after the State Bank of India, had also gone for Rs 2,500 crore (Rs 25 billion) worth of securitisation sale during the first quarter of the current fiscal.

"We bought very small amount of securitisation, but sold advances worth Rs 2,500 crore, including Rs 100 crore (Rs 1 billion) personal loan and Rs 200 crore (Rs 2 billion) mortgage backed securities in the first quarter and were able to take full advantage of the originating asset," Morparia told reporters on the sidelines of a Confederation of Indian Industry organised seminar on Banking East, in Kolkata.

The securitisation sales were made to mutual funds, banks and insurance companies.

The executive director said the bank's advances had grown by 12 per cent as against the industry growth of only three per cent and had emerged as a leader for practically every retail segment.

"Our retail finance business stood at Rs 20,000 crore (Rs 200 billion) in the first quarter and we think that it will be Rs 30,000 crore (Rs 300 billion) by the end of the fiscal," she said.

With over 500 branches, they were really well poised to grow organically, Morparia said.

"Our total advances stood at Rs 65,000 crore (Rs 650 billion) in the first quarter and we expect it to grow to Rs 75,000 crore (Rs 750 billion) at the end of the current fiscal mainly due to the spurt in retail advances," she said.