ICICI Bank targets Rs 5000 cr deposit from pvt banking

KOLKATA: ICICI Bank would focus on providing improved facilities of its private banking business to its high networth customers to achieve a deposit base of Rs 5000 crore this fiscal from this segment. Private banking business had shown a growth of over 50 per cent during the first six months of current fiscal to Rs 2700 crore and they would be attempting to upgrade a large number of its customers to achieve the target, ICICI's DGM and Head of Private Banking Arpit Agarwal told reporters here.He said private banking customers would have the opportunity to avail the advantage of ICICI's all the facilities, including that of demat, trading in equities, bonds, mutual funds among others. "We will not charge anything from customers to avail these facilities and the basic objective is to give everything to customers through one relationship account," Agarwal said. The customers would be able to know about their portfolio in a single sheet instead of having to go through a bunch of separate details for each of the segments, he said. Agarwal said the bank would deploy special officers to reach the customers of private banking.