With high non-performing assets (NPAs) weighing down on the books of several banks, ICICI Bank has adopted a strategy of proactive action on its corporate portfolio and is focusing on higher-rated clients, its chief Chanda Kochhar said here.

The US is not asking countries like India and Vietnam to take sides in the Asia Pacific region, but steps Beijing is taking in the disputed South China Sea are "self-isolating" and driving countries towards America, US Defense Secretary Ashton Carter has said.

As India is growing fast at over 7 per cent, the nature of BRICS bloc has undergone a major change with each member showing an economic performance very different from the other, IMF chief Christine Lagarde said today.