Categories: Banking

ICICI Bank and Santander UK Partner for business ease between India and UK

ICICI Bank, one of India’s largest private sector banks, established a partnership with Santander Bank in the United Kingdom, aimed at making banking easier for businesses operating in both countries. The ICICI and Santander UK Plc signed a MoU in Mumbai to build a framework of partnership between the banks to satisfy the financial service needs of corporate clients operating along the India-UK corridor.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

KEY POINTS:

  • ICICI Bank said it will offer UK corporates operating in India banking solutions in trade, cross-border payments, supply chain, treasury solutions, and retail banking, while Santander UK will support Indian corporates and new age firms with their banking needs in the UK.
  • ICICI Bank’s Head of the International Banking Group, Sriram H Iyer, who signed the MoU on behalf of the bank, stated that India and the United Kingdom have long had strong bilateral relations and that India has long been a favoured foreign investment destination for British companies.
  • The United Kingdom is one of the top ten countries investing in India.
  • This MoU enables corporates in the UK-India corridor to receive smooth banking services. They are convinced that ICICI Bank would support Santander UK and assist its customers build their businesses in India, and make India one of their main markets, thanks to their extensive network, industry-first digital services, and comprehensive suite of corporate ecosystem banking.
  • According to the banking executive, the cooperation will serve the financial needs of the corporate ecosystem in the booming UK-India corridor.

Important Takeaways For All Competitive Exams:

  • Non-Executive (part-time) Chairman of ICICI Bank: Mr. Girish Chandra Chaturvedi
  • Chief Executive Officer of Santander UK: Mike Regnier
  • ICICI Bank’s Head of the International Banking Group: Sriram H Iyer,

Find More Banking News Here


Madhavi Gaur

Recent Posts

Aravindh Chithambaram Clinches Masters Title at Chennai Grandmasters 2024

GM Aravindh Chithambaram made a remarkable late surge in the final rounds, winning the last…

6 seconds ago

PM Modi’s Three-Nation Visit: G20 Summit in Brazil, Nigeria, and Guyana (Nov 16-21)

Prime Minister Narendra Modi is set to undertake a crucial three-nation tour from November 16-21,…

21 mins ago

New Bike Taxi Service by Delhi Metro Includes Women-Driven Rides

Delhi Metro has introduced a new bike taxi service, available for booking through the official…

26 mins ago

Consumer Price Index (CPI) for October 2024: Key Highlights

All India CPI (General): The inflation rate for October 2024 is 6.21%, with rural areas seeing…

41 mins ago

Which Country is Known as the Island Country?

An island country is a nation that is entirely surrounded by water, with no land…

56 mins ago

India’s Industrial Output Grows 3.1% in September 2024

India's industrial production recorded a growth of 3.1% in September 2024, marking a significant rebound…

56 mins ago