ICICI Bank opens second retail branch in Singapore
The country’s largest private sector bank, ICICI Bank, opened its second retail branch in Singapore to cater to the banking needs of customers, including money transfers to India.
The branch will also offer savings and transaction banking solutions for meeting local needs through fixed deposits, savings and current accounts, said a press release from the bank.
As a new initiative for its customers, ICICI Bank’s call and remit facility gives current account customers the convenience of transferring money to India over the phone through its call centre to pre-registered beneficiaries.
In addition, customers interested in procuring mortgage loans for properties based in India can be referred to ICICI Bank India.
ICICI Bank opened its first overseas branch in Singapore in 2003 and launched its first retail branch there in September 2010 after being granted the Full Bank Licence with Qualifying Full Banking privileges by the Monetary Authority of Singapore, the release said.
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