ICICI Not Interested On Foreign Banks

MUMBAI: ICICI Bank, the biggest private lender that has played a main role in India Inc''s overseas expansion drive, itself does not see any merit in taking over a foreign bank at the moment and prefers to grow via the organic route in the domestic market. ICICI Bank said that if anything was required for boosting the bank''s growth trajectory, it was more branches to service customers. ICICI has just about 1,000 branches compared to nearly 10,000 branches of the country''s largest bank SBI. There are huge opportunities in the Indian market. Even foreign banks are coming here only because of huge growth potential in the banking space it said. ICICI Bank also ruled out any foreign acquisition.