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You won't get a PPO there, they're done with hiring for batch of 2023. They are very particular about the qualities they seek in an associate. They are not like any mass hirers like CAM, KCo. and Trilegal.
Disclosure : I worked with the Financial services team in 2018. Left to start my own practice.
Yes, their financial services team has around 30% market-share in Financial services practice area in India. The investment funds practice and PE/VC practice is also generating really good revenues. The firm has seen around 88% growth in revenues (YoY) in the past year.
Their pay is higher than most of the T1s across all the pay-bands. All the team members in the team always have 1-2 standing offers from T1 firms but the attrition is low due to better work-life balance.

Although the other teams are not as good and Changing teams after joining is not possible at all.
Hey banking team at Mumbai and it was decent. Please apply to Sachin Kadam he is the one who takes care of all the internships and recruitments at ICUL Mumbai. All the best