Thursday, January 17, 2008

ICICI Bank Sets Up Seventh Branch In Britain

ICICI, India''s largest private sector bank Jan 15, expanded its operations further by opening its seventh branch in Britain in Coventry, a town in the east Midlands with a large minority of Indian origin. The opening of the branch hosted by the mank''s UK managing director and chief executive Suvek Nambiar and Deepak Varghese, head of retail banking. As a result of being India''s largest private sector bank, they are able to ensure the success of the varied efforts of Coventry''s vibrant business community who are trying to tap the skills and potential of India. As a result of our commitment to offer groundbreaking competitive services, we enjoy an approximate 30 per cent market share in the India-to-UK money transfer corridor. Through its investment of capital, resources and skills, It aim to offer the residents of Coventry and surrounding areas the opportunity to share in the boom that India is currently experiencing.

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