India’s ICICI Bank plans to add more than 1.5 million accounts in FY15

Friday, August 22, 2014

ICICI Bank-country’s largest private sector bank-in a move to take ahead its financial inclusion strategy is planning to add another 1.5 million bank accounts in this financial year.

“We have around 18.5 million zero basic savings bank deposit accounts and by the end of this year, we expect to have close to 20 million such account,” said Rajiv Sabharwal, Executive Director, ICICI Bank.

He added that in order to include more people in the banking fold, the lender apart from opening more branches in the rural area and relying on business correspondents, will also be using other non-traditional methods such as branch on wheels and Tab banking.

Source: Business Standard (link opens in a new window)

financial inclusion