New Delhi, Jan 13: Country's leading private sector bank ICICI has obtained RBI clearance for foraying into UK, Canada, China, Dubai and Singapore targeting NRI deposits and trade accounts. The move is part of the broader strategy to shore up its overseas business to 15-20 per cent of the bank's total business in five years, ICICI Bank officials said on Monday.

ICICI Bank joint managing director, Lalita D Gupte, said that the bank has already obtained RBI nod for setting up subsidiaries in UK and Canada, open a branch in Singapore and representative offices in China and Dubai (UAE).
"We are in the process of filing application with respective regulators," she said.
ICICI Bank, which is listed in New York Stock Exchange, already has a representative office in US but intends to expand its network. Bureau Report