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 |
A new variant of SARS-CoV-2, named PJ.2.1, was first identified in Ontario, Canada in May…
Belonging: A Journey of Love, a memoir written by Congress leader Sonia Gandhi, will be…
The United States will become the first nation to fully opt out of participating in…
A group of US lawmakers, led by Rep Grace Meng, have re-introduced the Diwali Day…
Pandit Manilal Nag, a celebrated sitar maestro and one of the foremost exponents of the…
The 31st Conference of the Parties (COP31) to the United Nations Framework Convention on Climate…