A recent press report said that the country’s largest private sector bank, ICICI Bank, has opened its second retail branch in Singapore.
Reports said that the branch will provide savings and transaction banking solutions for meeting local needs through fixed deposits, savings and current accounts.
Reports also said that the bank’s call and remit facility has offered current account customers the convenience of transferring money to India over the phone through its call centre to pre-registered beneficiaries. This is of course one of the new initiative offered by the bank for its customers.
Also, customers interested in obtaining mortgage loans for properties based in India can be referred to ICICI Bank India.
ICICI Bank is India’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 6,810 ATMs in India, and has a presence in 19 countries, including India. The bank offers home loans, personal loan, commercial vehicle loan, mortgage loans, car loan etc.