ICICI Plans Back Office Ops For South In Hyd

The ICICI Bank will be setting up the back office operations of the Southern region of the country in Hyderabad Financial District. The bank is constructing a 28-storied centre in the district at an investment of Rs 1,500 crore. The bank''s Hyderabad facility, coming up in 8 acres, will accommodate 25,000 employees and is expected to provide indirect employment to nearly one lakh people, said the source. While Rs 1,000 crore is being spent on civil construction, another Rs 500 crore has been proposed to be spent on the interiors of the skyscraper.