ICICI Bank Ltd.

BSE: 532174 | NSE: ICICIBANK
Large Cap | Bank - Private
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ICICI Bank to open full-fledged branch in China during FY15

Date: 01-07-2014

ICICI Bank, India’s largest private sector bank, is planning to set up a full-fledged branch in China during FY15, as a part of its global expansion plans. Currently, the company has a representative office in China. Moreover, the bank would continue expanding its branch network in India during the fiscal.

Recently, the bank entered into a partnership with Tigerair, a leading Singapore-based budget carrier. This new partnership will allows the bank’s credit, debit and prepaid cardholders to avail the opportunity to pay only for one-way fare to Singapore, where in the return ticket will be complimentary.

ICICI Bank is India's largest private sector bank and the second largest bank in the country with consolidated total assets of $124.76 billion at March 31, 2014. ICICI Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's presence currently spans 19 countries, including India.