Management

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. - Markets recover partially - GSS eyes Rs 500 cr turnover in FY 2011 - Sensex spooked by China, CRR hike fears, down 490 pts - Investment to drive growth; India needs $250 bn: ICICI Bank - No immediate increase in interest rates in sight: ICICI - Subhiksha stores to reopen as franchises 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.

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