ICICI open to domestic acquisition

India’s largest private sector lender ICICI Bank on Sunday ruled out overseas acquisitions, but said it is open to buying local banks to increase presence and business within the country. “We are not looking at global mergers or takeover or anything.

In a way we are well established in 18 countries and we have a very large network in the 18 countries,” ICICI Bank MD and CEO Chanda Kochhar said.