Icici Bank To Invest $100 M In Global Push

ICICI Bank will invest $100 million in its first phase of international banking operations.

The bank is opening subsidiaries in UK and Canada and representative offices in China, Dubai and off shore banking unit in Singapore.

The bank already has two representative offices in New York and London. ICICI Bank will be the first private sector bank to have subsidiaries overseas. Currently Bank of Baroda and Bank of India have subsidiaries overseas.