ICICI Bank introduces two new products for NRIs at its GIFT City branch
Chandigarh, (Gurpreet) : ICICI Bank today announced the launch of two new products, namely Loan Against Deposits (LAD) and Dollar Bonds, for NRI customers at its branch in GIFT City, the Gujarat-based emerging global financial and IT services hub. ICICI Bank is the first bank to offer these products in GIFT City.
Speaking on the launch, Mr. Sriram H. Iyer, Head – International Banking Group, ICICI Bank said, “We, at ICICI Bank, continue to launch solutions to meet customer needs. In line with this philosophy, we are offering Dollar Bonds and Loan against Deposits to our NRI customers through our branch at GIFT City. Foreign currency bonds are one of the preferred investment options amongst NRI clients. We want to provide our customers with the ease of banking digitally, driving a seamless journey and a hassle-free experience. As we expand our horizons, we are excited to see what lies ahead of us while we continue to create value for our customers across geographies in line with regulatory provisions.”