ICICI Bank to focus on agri sector

by Dave

Business Standard

The ICICI Bank, the second largest bank in [India], will focus on the rural market and the agriculture sector for its future growth. Since agriculture contributes about 18 percent to the Gross Domestic Product (GDP) of the country and employs about 65 percent of the workforce, it provides enough opportunity for growth.

Keeping the vast untapped potential in the rural areas and in the agriculture sector, the bank will focus on reaching out to people not having access to the banking system, Kumar Ashish, General Manager, Rural Micro Banking and Agricultural Group, ICICI Bank said here.

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