ICICI Bank opens offices in Thailand, Indonesia and Malaysia

Mumbai, Dec 5 (UNI) ICICI Bank recently opened its Representative Offices in Thailand (Bangkok), Indonesia (Jakarta) and Malaysia (Kuala Lumpur) and thus extended its presence to 17 countries.

The bank appointed Shivakumar Natrajan, Anandraj Jain and Amit Kaistha as the Chief Representatives for their offices in Thailand, Indonesia and Malasyia respectively.

Mr Chanda Kochar, Deputy Managing Director of the bank, said in a release here today ''This will enable the bank to increase its participation in India's trade transactions in the region which are likely to see a spurt once the ASEAN-India FTA is announced''.

In addition, these offices aim to promote cross border interests of Indian companies who are now keenly looking at expansion by way of setting up JVs/Strategic stakes or investments through acquisitions in a growing bid to have a global footprint. Likewise, the host country companies looking at India as an investment destination will also be served by introduction to prospective partner companies in India.

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