ICICI Bank and BNP Paribas have signed an initial pact to cater to the banking requirements of European corporates operating in India and Indian companies in the European Union.
The Memorandum of Understanding (MoU) between the two entities establishes a framework of a partnership between the two banks for providing financial services to corporate customers operating in the India, Europe corridor, private sector lender ICICI Bank said in a statement.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
As the fifth largest economy in the world and with a strong focus to become a regional manufacturing hub, India is at the forefront of leading the world’s growth in the near future. This makes India a very attractive destination for trade and foreign investment, with Europe ranking amongst the top regions investing in India. We are confident that ICICI Bank will support BNP Paribas’ customers, grow their business in India, and make India one of their key markets, Anup Bagchi, Executive Director, of ICICI Bank said.
BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris and Paribas, formerly known as the Banque de Paris et des Pays-Bas. BNP Paribas Group has been in India since 1860 and is among the leading international financial institutions providing a wide range of financial services covering corporate and institutional banking, and personal investment services for individuals.
| Founded | 1848 (Comptoir National d’Escompte de Paris, predecessor of BNP) 1872 (Banque de Paris et des Pays-Bas, later called Paribas) 2000 (as BNP Paribas) |
|---|---|
| Headquarters | Boulevard des Italiens, Paris, France |
From the sprawling plains of the Midwest to the sun-kissed shores of the Pacific, the…
The Indian political landscape has lost a seasoned leader with the passing of V. Srinivas…
The Badminton World Federation (BWF) has announced that India will host the prestigious 2025 BWF…
In the mosaic of American cities, certain urban centers stand out as bastions of liberal…
In a remarkable achievement, ICICI Bank has etched its name among India's top five companies…
The Government of India has introduced a Floating Rate Bond (FRB) maturing in 2034, with…