ICICI to open branches in Australia, SA, Mauritius: Kochhar

VADODARA: The country’s largest private sector lender ICICI Bank today said it plans to open branches in Australia, South Africa and Mauritius. The city-headquartered bank has received the regulatory clearances to open the branches and will also upgrade its representative office in China, Managing Director and Chief Executive Officer Chanda Kochhar told reporters on the sidelines of its 20th annual general meeting here. “Under the bank’s foreign expansion plans, we will open branches in Australia, South Africa and Mauritius for which clearance is received from the Reserve Bank of India,” she said.