News: ICICI Bank expands SE Asia presence
(RTR 05/12/2006) Mumbai - ICICI Bank Ltd. said on Tuesday it had opened offices in Bangkok, Jakarta and Kuala Lumpur, to capitalise on a rise in cross-border deals.
"This is to enable the bank to increase its participation in India's transactions in the region, which are likely to see a spurt once the ASEAN-India FTA (free trade agreement) is announced," Deputy Managing Director Chanda Kochhar was quoted as saying in a statement.
With the new offices, ICICI Bank would have a presence in 17 countries. Shares in ICICI Bank fell 0.9 per cent to Rs 862.40 on Tuesday in a Mumbai market that rose 0.5 per cent.
posted by InCar Group Press Room at 18:55
2 Comments:
It's been few days that I have moved out of India. I also want send money to my family back home. I am looking for an nri account. I am confused which bank to go with. I am looking for a bank which has good presence in India as well as US. Any suggestions?
I have my NRI account with citi bank. And regarding your requirement of banking presence in both the countries, citi has good presence in al over India and abroad as well. If you are looking for remittance then their service is fast. These were based on my experience with them
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