REVENUE STRATEGY – ICICI BANK

1. ICICI Bank Ltd., India's biggest by market value, planned 200 billion rupee ($4.9 billion) stock sale because it needs more capital to sustain an estimated 25 percent annual growth in lending over three years, helping narrow the gap with peers in China.
2. It's a clear indication of the growth that ICICI can see for India.
3. The bank said that the money would also be used to conform to Reserve Bank of India regulations that stipulate increased capitalization levels for consumer and other loans.

The Muse:
1.Industrial & Commercial Bank of China boosted the size of the world's biggest initial public offering to $22 billion after increasing its Shanghai share sale 15 percent last year. Chinese banks have raised about $60 billion in stock offerings in the past two years as the fastest economic growth in a decade drove demand for financial stocks.
2. Indian banks will need 500 billion rupees this year to bolster capital as lending rises.
3. Bank lending in India grew more than an average 35 percent in the year ended March 2006 and a year earlier. 4. The Reserve Bank of India last week told banks to maintain loan growth of about 25 percent.

But empire builders must keep creating new customers from below the poverty line.

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