Nabil Bank signs MoU with ICICI Bank
Nabil Bank and ICICI Bank, India’s leading private sector bank, have signed a Memorandum of Understanding (MoU) that sets out a framework for co-operation and strengthen the existing relationship between the two institutions across various businesses like trade, remittances and treasury. Mr. Anil Keshary Shah, CEO, Nabil Bank and Ms. Ranju Sigtia, Head - International Financial Institution Group, ICICI Bank signed the MoU at Nabil Bank’s headquarters in Kathmandu.
The banks will work in close co-ordination with each other to support the trade and treasury needs of their customers seamlessly. The initiative will enable both the banks to effectively leverage the combined strengths of Nabil Bank’s deep market access in Nepal and ICICI Bank’s expertise in banking and the distribution franchise across India and in key global markets.
Mr. Anil Keshary Shah said, “We are proud to partner with ICICI Bank. This MoU creates a platform for sharing knowledge and deepening network connectivity between Nabil Bank and ICICI Bank - especially for our customers doing business with India.”
Speaking on the partnership, Ms. Ranju Sigtia said, “Nepal has a strong and growing, trade and investment corridor with India. ICICI Bank has been actively working with partner banks to connect customers in Nepal with India and other overseas locations, where ICICI Bank has its presence. In line with our continuing commitment to furthering our participation in the growing India-Nepal economic corridor, we are delighted to sign this MoU with Nabil Bank”.
Nabil Bank is the leading private sector commercial bank. It has 97 branches and 143 ATMs spread across the country. Nabil Bank is a pioneer in introducing many innovative products and marketing concepts in Nepalese banking industry and represents a milestone in the banking history of Nepal as it started an era of modern banking with customer satisfaction measured as a focal objective while doing business.
ICICI Bank services its large customer base through multi-channel delivery network of 5,228 branches and 15,159 ATMs, internet banking, mobile banking and phone banking in India as at September 30, 2019.
About ICICI Bank: ICICI Bank Ltd (BSE: ICICIBANK, NSE: ICICIBANK and NYSE:IBN) is a leading private sector bank in India. The Bank’s consolidated total assets stood at ₹12,88,190 crore at September 30, 2019. ICICI Bank's subsidiaries include India's leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms. It is present across 15 countries, including India.
