ICICI Bank Ltd.

The Foreign Institutional Investors (FIIs) upped their holding in ICICI Bank from 37.09% to 37.94% during January-March 2013 quarter. In contrast, the non-institutional investors (NIIs), which include small retail investors and HNIs, were not on the same page as the overseas investors reduced their stake in bank to 8.74% from 8.93% in January-March 2013 quarter.

India's second largest bank, recently, inked a memorandum of understanding (MoU) with a pan-African lender Ecobank Transnational (ETI), in order to make itself a hub for Indian investment into Africa. With this deal, ETI aims to attract developing country’s investors to go through its bank, in order to do business in sub-Saharan Africa.