MoneyWorks4Me

ICICI Bank plans to open 400 new branches in FY17

04 Jul 2016 Evaluate

In order to boost its retail operations, ICICI Bank, the country’s private sector lender, is planning to open 400 new branches and expand its ATM network by another 1,000 in the current fiscal. The bank’s branches will be more digital and advisory in nature. As of March 31, 2016, the bank had the largest retail network among private sector banks in the country with 18,216 branches and ATMs. Of this 4,450 are branches and 13,766 are ATMs.

ICICI Bank is India's largest private sector bank with consolidated total assets of $ 132.17 billion at March 31, 2015. The Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1332.55
Axis Bank 1231.55
Kotak Mahindra Bank 430.10
Indusind Bank 898.95
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