Whats driving ICICI Banks corporate and international businesses?
India is at a different inflection point today with the country riding on a healthy demand cycle and the corporate sector in turn investing in capacity building to meet the rising demand. After discussions with about 300-400 of our corporate clients, we have estimated that the investment pipeline has swelled to about $500 billion. More than half of this is in infrastructure and about 40 per cent in the manufacturing sector. This situation is unlike the 1990s when corporates were highly leveraged. Corporates now have healthy cash flows having generated cash of around $150 billion last year. How is ICICI Bank capitalising on the investment pipeline? We are known for our project appraisal skills. We have participated in major projects like the Delhi airport upgrade project, major toll road projects, power projects and steel and cement expansion projects. For appraising risks in various sectors, we have experts. The in-house expertise helped as the corporate team was cautioned against taki
