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ICICI Bank launched India’s ‘open-for-all’ digital ecosystem for MSMEs

ICICI Bank launched India's 'open-for-all' digital ecosystem for MSMEs_4.1

ICICI Bank has launched India’s first ‘open-for-all’ comprehensive digital ecosystem for all Micro, Small and Medium Enterprises (MSMEs) in the country, which can also be used by the customers of other banks. Anyone can use the benefits of digital solutions on the InstaBIZ app. MSMEs customers of other banks can avail of a host of services by logging in as a ‘Guest’ in the app. It provides sanctions of instant and paperless overdraft facility up to Rs 25 lakh through ‘InstaOD Plus’.

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The benefits of the new digital ecosystem can be availed by downloading the latest version of the InstaBIZ app, a super app for businesses. The app is available on Google Play, Apple App Store and at the bank’s Corporate Internet Banking (CIB) platform. The ecosystem offers the facility of digital and instant current account opening through video KYC.

Important takeaways for all competitive exams: 

  • ICICI Bank Headquarters: Vadodara;
  • ICICI Bank  MD & CEO: Sandeep Bakhshi;
  • ICICI Bank  Chairperson: Girish Chandra Chaturvedi;
  • ICICI Bank  Tagline: Hum Hai Na, Khayal Apka.

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