India''s largest publicly listed bank is planning a $3bn (£1.5bn) push into overseas markets both this year and next to cash in on the number of foreign deals being struck by Indian companies. Chanda Kochhar, finance director at ICICI, said the bank expects to increase foreign borrowings by a third this year, from a record $10bn in 2007, to help clients fund overseas takeovers and investments. ICICI expects about 33pc growth in its offshore business this year and next. Indian companies have recently targeted the UK, with the Tata conglomerate buying Corus the former British Steel for £6.7bn last year, and now the front runner in the £1bn battle for Jaguar and Land Rover.
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