Consumer credit may slow down to 20-25 per cent due to rising interest rate and the base effect, ICICI Bank CEO, K V Kamath said on Monday.

"Growth has to slacken a bit. Instead of a growth of 40-45 per cent, it will now be in the range of 20-25 per cent due to base effect and interest rate," Kamath said on the sidelines of a Confederation of Indian Industry function.

"The 40-45 per cent credit growth, which we saw was on small base was unlikely in the near future, he said, adding the 40-50 billion credit growth in the recent past was a reflection of base effect.

But Kamath said rising interest rate had no impact on the credit quality. On rebalancing on lending strategies he said, that the bank had no immediate plans but it has identified the growth engines, which were rural, international and corporate banking.

To a question on the speculation of a ICICI bank stock split, Kamath said there was no plan at all and the and the liquidity situation was comfortable.