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Non-Tech : ICICI Ltd - (Nyse: IC)

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To: Mohan Marette who wrote ()4/27/2000 3:23:00 PM
From: Labrador   of 494
India's ICICI reports robust Web trade
NEW DELHI, April 27 (Reuters) - Indian financial services firm ICICI Ltd is seeing robust growth in Internet trading of stocks on its financial portal, which was launched in February, Managing Director K.V. Kamath said on Thursday.

``We are doubling volumes everyday,'' Kamath told a business seminar. ``The last 10 days we have doubled trading volumes everyday...The success has been stunning.''

Kamath told Reuters later that the site ( had 20,000 registrations so far.

ICICI Bank (NYSE:IBN - news), the group's banking affiliate, has 125,000 customers who have Internet access, Kamath said.

Both Bombay-based firms are listed on the New York Stock Exchange.

He did not give details on the volume of trading.
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