The country’s largest private sector bank, ICICI Bank, opened its second retail branch in Singapore. Reports said that the branch is to offer savings and transaction banking solutions for meeting local needs through fixed deposits, savings and current accounts.
Reports also said that bank has offered its customers, ICICI Bank’s call and remit facility giving current account customers the convenience of transferring money to India over the phone through its call centre to pre-registered beneficiaries. The customers interested in procuring mortgage loans for properties based in India can be referred to ICICI Bank India.
The bank is the county’s second-largest bank with total assets of Rs. 4,062.34 billion (at March 31, 2011 and profit after tax Rs. 51.51 billion for the year ended March 31, 2011. The Bank has a network of 2,533 branches and 6,700 ATMs in India, and has a presence in 19 countries, including India.
ICICI bank offers a variety of loan products such as home loan, personal loan, car loan, commercial vehicle securities, loan against securities etc.