ICICI bank opens first branch in China
MUMBAI (Reuters) - ICICI Bank Ltd  , India's biggest private sector lender by assets, on Saturday opened its first branch in China as trade between Asia's two key economies flourishes.
ICICI  , which is also traded in New York, said the Shanghai branch got regulatory approval in March 2015.
Initially, the branch inaugurated by Indian Prime Minister Narendra Modi during a three-day visit to boost economic ties, will have 17 staff.
China and India signed 26 business deals worth more than $22 billion in areas including renewable energy, ports, financing and industrial parks, in addition to 24 agreements signed on Friday, an Indian embassy official said on Saturday.
(Reporting by Rajendra Jadhav; Editing by Elaine Hardcastle)
Comment:- This is the clear indication, what type of business, Modi is doing with other countries ? A.J.S.Chandi