Mumbai, Oct. 14 (PTI): ICICI Bank said today it has opened a representative office in Shanghai, China, its third overseas office after New York and Dubai.
Bank’s managing director and CEO K.V. Kamath inaugurated the office today, which is expected to facilitate growth in India-China economic relations, an ICICI Bank release said here.
The Shanghai office would provide home and host country links to the domestic companies having business relations in the region as well as increase its participation in India’s trade transactions with China, joint managing director Lalita Gupte said.
The country’s largest private sector bank has also received approval for opening a wholly-owned subsidiary in Canada.