ICICI Bank has planned to offer better private banking services in smaller cities and towns to get control over the mid-size and small-size entrepreneurs. Personal Banking business of ICICI has shown a growth of nearly 70 per cent in the last fiscal and the bank authorities want to continue at the same pace in this sector. ICICI Bank will be adding more relationship managers in the current year.

The bank has plans to offer high quality services to corporate clients and individuals with high net worth.

 Anup Bagchi, General Manager Private Banking (ICICI) said, ''The growing wealth base in the tier-2 and tier-3 cities has brightened the industry's prospects in the last few years, with a majority of customers now keen to use the tax efficient plans. On the other side, capital market is going to be the biggest driver.''

Wealth Management business has seen a remarkable growth of 18.3% in India grew during the last fiscal. With higher economic growth and rising incomes, the bank expects the sector to grow more in the quarters to come. The bank wants to target individual investors with investment capacity of more than Rs 10 lakh and above. For achieving better client satisfaction, ICICI bank has set up a team of 450 relationship managers.

As the Indians are having more money compared to previous years, thanks to higher stock prices, growth in various sectors and realty boom in the country.

ICICI Bank has emerged as largest private banks in the country and they are offering services from 8.00 a.m. till 8.00 p.m. The bank has a wide ATM network across the country and offering many additional services like phone banking, internet banking as well.

Mr. Bagchi didn’t disclose the assets under management of ICICI bank but said that the growth in this sector will be a major part of banking business for ICICI in future.