ICICI Bank 2nd best retail bank in Asia

ICICI Bank edged past foreign banking majors Citibank and Standard Chartered Bank to emerge as the best retail bank in India, acccording to the latest issue of Asian Banker Journal.

ICICI Bank was second only to HSBC, Hong Kong in the list of top five retail banks in the Asia-Pacific region.

ICICI Bank scored over some Asian heavy-weights like DBS Bank of Singapore, Citibank (India) and Kookmin Bank of Korea.

ICICI Bank's success is attributed to its dynamic executive director Chanda Kochhar who was named the retail banker of the year for 2004.

HDFC Bank bagged the award for excellence in retail risk management among all the Asian banks.