ICICI Bank Ltd.

ICICI Bank, country's largest private sector bank is likely to buy loan portfolios of European banks as they are looking to deleverage and offload loans to shore up capital base. The bank has chosen some India-related assets, in small numbers, because the ability to raise funds currently has become more expensive.

To become more durable against future shocks European banks are struggling to raise their capital cushions, by the means of increasing equity they hold or by shrinking their asset base.

The bank’s net profit for the second quarter of the current fiscal has grown 21.59% at Rs 1503.19 crore as compared to Rs 1236.27 crore for the corresponding quarter of the last year. The bank’s total income has surged 25.49% at Rs 9897.17 crore for the quarter under review as compared to Rs 7887.03 crore for the second quarter of the previous year.