ICICI Bank Ltd.

In a bid to expand its footprint in overseas markets, ICICI Bank is planning to open branches in Australia, South Africa and Mauritius. In this regard, the bank has received the regulatory clearances from the Reserve Bank of India. Additionally, the bank is planning to set up a full-fledged branch in China during FY15, as part of its global expansion plans. Moreover, the bank would continue expanding its branch network in India during the fiscal.

ICICI Bank has the largest overseas network among Indian private sector banks and already has three subsidiaries and eight representative offices abroad. The subsidiaries in the UK and Canada have had selective growth in business along with an improvement in profitability after a period of consolidation.