Ground Report

ICICI Bank will open its offices in five US cities with a focus to market its products and services to mid-level NRI entrepreneurs, a market with potential of about $5 billion. Besides New York, where the bank has a presence now, it will soon open offices in California, New Jeresy, Texas and Ilinois, home to a large number of Indians. “These states account for almost 60 per cent of NRIs. As we grow our US business, we will need additional offices in these States for marketing products and services offered by the New York branch,” ICICI Bank executive director, Mr Sonjoy Chatterjee, said