ICICI mulls overseas acquisitions

"ICICI Bank is considering acquisitions to expand outside its home market at a time when many foreign rivals are struggling because of tight credit markets," the New York Times reported on Thursday quoting two senior executives of the bank.

ICICI Bank Executive Director Sonjoy Chatterjee, said, "The bank, which has about $5 billion (about Rs 21,000 crore) on hand, could spend it on an international expansion that could include purchase of a