The bank at present offers online saving accounts to non-Indian customers in these three countries and is keen to build a global brand as rising interest rates have taken a toll on its consumer lending at home, the report added.
"Even though banks are cheap now they come with huge challenges and we need to see whether we want to take those or how to go about it," the report said quoting ICICI Bank Chief Executive K V Kamath.
The bank, however, is not considering to take minority stakes in large financial institutions in the United States or Britain, as was done by some financial services firms and investors from China, Singapore or the Middle East.
"We are not interested in that because we would not be able to make a difference," Chatterjee added.