ICICI Private Banking Division to grow at 65-70%

New Delhi, Oct 15 (UNI) ICICI Bank's Private Banking Division today said it is expecting to grow at 65-70 per cent annually, with the current 1.5 lakh customers due to an increase in high net worth individuals.

''The surge in sensex and rise in economic growth will drive the private banking division enabling us to grow at 65-70 per cent,'' said ICICI Bank (Private Banking Division) Head Anup Bagchi.

ICICI bank has been awarded the 'Outstanding Regional Private Bank - Asia Pacific' award by Private Banker International at the 17th Private Banker International Wealth Managment Summit.

The global research firms has revealed that India will witness 18.3 per cent growth in High Networth Individual (HNIs) population.

ICICI has developed global capabilities in offering a wide range of banking financial solutions from the offshore offices in 18 countries.

At ICICI Bank Private Banking, HNI customer convenience is utilised as strategic tool across all basics lines and the bank offers a suite of multi-channel, innovative and convenient products catering to different customer requirements.

The Private banking division is planning to raise its headcount by 100 in next six months from the present 350, Mr Bagchi added.

UNI