ENP Newswire - 17 July 2014
Release date- 16072014 - ICICI Bank Limited, India's largest private sector bank, announced the launch of 'ICICI Bank Global Banking-Hello Canada', a convenient banking service for Indians migrated or migrating to Canada.
This service offers a customer the convenience of opening a Canadian Dollar (CAD) Account with ICICI Bank Canada along with an NRI (Non Resident Indian) savings account with ICICI Bank in India. The customer can open both accounts with simplified documentation by visiting his nearest ICICI Bank branch in India only once.
Mr. Vijay Chandok, President, ICICI Bank, said 'At ICICI Bank, we work towards addressing customer needs to make their lives simpler. Our experience of serving 1.5 million NRIs for over a decade has helped us gain better insight into the needs of the NRI. This service will facilitate the cross-border banking needs of NRIs in an easy and convenient manner.'
The 'ICICI Bank Global Banking-Hello Canada' service enables the customer to transfer FUNDS in the ICICI Bank Canada account when in India, making sure his funds are safe and secure while he is in transit. The customers also get preferential rates on these funds transfers. In addition, the customers have easy access to their funds with a conditional withdrawal permitted on landing in Canada. This service with its unique features makes the account opening process seamless as the customer travels from India to Canada.
About ICICI Bank Ltd: ICICI Bank Limited (NYSE:IBN) is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of US$ 124.76 billion at March 31, 2014. ICICI Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's presence currently spans 19 countries, including India.
Except for the historical information contained herein, statements in this release, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of non-performing loans, our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to MARKET risks as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. All reference to interest rates, penalties and other terms and conditions for any products and services described herein are correct as of the date of the release of this document and are subject to change without notice. The information in this document reflects prevailing conditions and our views as of this date, all of which is expressed without any responsibility on our part and is subject to change. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. ICICI Bank and the 'I man' logo are the trademarks and property of ICICI Bank. Any reference to the time of delivery or other service levels is only indicative and should not be construed to refer to any commitment by us. The information contained in this document is directed to and for the use of the addressee only and is for the purpose of general circulation only.
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