COLOMBO, Sept 25 (PTI): India's biggest private sector lender, ICICI is planning expansion of its operations in Sri Lanka to tap the vast business potential in the island nation.
"Besides looking at providing financial assistance to Indian corporates who have set up business in Sri Lanka, we are keen in becoming a major player in the retail sector," the bank's Deputy Managing Director Chanda Kochhar said here.
Kochhar, who was in Colombo last week to address the 19th anniversary convention of the association of professional bankers (APB), said the bank will not merely focus on the Indian expatriate community for widening its activities in the country.
"We do not target only the Indian expatriate community," she said adding the ICICI bank had the vast business opportunities in the country in mind while introducing new technology to stay ahead in the sector.
Kochhar, after reviewing the bank's local operations and holding discussions about its future expansion plans in the country with the experts, said the per capita income in Sri Lanka was rising with new investment opportunities coming up.
ICICI to expand operations in Sri Lanka
FE Team | Published: September 26, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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