ICICI opens three new representative offices

ICICI Bank, the country's second largest bank, opened representatives offices in three east-Asian countries"" Thailand, Indonesia and Malaysia"" to tap the potential thrown up by trade flows.

"This is in line with vision of the bank to play a significant role in facilitating trade by providing home and host country links to the domestic companies having business relations in the region," said Chanda Kochhar, deputy managing director.

The branches are expected to 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.

ICICI Bank already has presence in the UK, Canada, Russia, Singapore, Bahrain and Sri Lanka. It also has a representative office in the US.