India’s largest private sector bank Industrial Credit and Investment Corporation of India ( ICICI ) is looking forward to expand its business and is doing so at rapid speed.
ICICI Bank is looking at some acquisitions in overseas markets to expand its overseas business. The overseas market in which its eying acquisitions are Britain, Canada & Germany.
ICICI Bank has a very good credit standing and is looking at oppertunities at a time when many foreign rivals are struggling because of tight credit markets.
According to ICICI Bank executive director of international business Sonjoy Chatterjee, the bank has about five billion dollar spare cash in hand.