India''s ICICI eyes German market

India''s second largest bank, ICICI, plans to enter the German market, where it will target corporate clients, ICICI head Kundapur Vaman Kamath said. He said that the bank would open its German headquarters some time in the next three months to take advantage of growing Indian-German economic ties and to counsel Indian companies planning acquisitions in Germany. He said ICICI also wanted to launch an on-line banking service this year and offer German customers savings accounts carrying attractive interest rates.The bank is present in 18 countries, mainly in southeast Asia and the Gulf.