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ICICI Bank partners with Santander for India-UK business ease
May 11, 2022
One of India’s leading private sector banks, ICICI Bank, on Tuesday announced a tie-up with Santander bank in Britain in a pact aimed at facilitating the banking requirements of corporates working across both nations.
The memorandum of understanding (MoU) between ICICI and Santander UK Plc, signed in Mumbai, is designed to establish a framework of the partnership between the banks to meet the financial services requirements of corporate customers working within the India-UK hall.
ICICI Bank said it will give banking solutions across trade, cross-border payments, supply chain, treasury solutions, and retail banking to the UK corporates working in India and Santander UK will uphold Indian corporates and new-age businesses for their banking requirements in the UK.
“All things considered, India and UK have strong bilateral relations and India has been a preferred foreign destination for UK organizations. UK positions among the main 10 nations investing into India,” said Sriram H Iyer, Head of the International Banking Group who signed the MoU on behalf of the ICICI Bank.
“This MoU assists with giving seamless banking services to corporates in the UK-India corridor. With our wide organization, industry-first digital offerings, and exhaustive set-up of corporate ecosystem banking, we are certain that ICICI Bank will uphold Santander UK and help its clients to grow their business in India, and make India one of their key markets,” he said.
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