ICICI Bank has opened its second retail branch in Singapore

By | August 1, 2011

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.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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