ICICI Bank Limited (ICICI Bank) is one of the largest private sector banks in India with total consolidated assets of USD 199.8 billion, as of September 30, 2020. ICICI Bank has a network of 5,288 Branches and 15,158 ATM's across India, and has a presence in 16 countries, including India. ICICI Bank's subsidiaries include India's leading private sector insurance, asset management and securities brokerage companies, and among the India’s largest private equity firms.
ICICI Bank currently has subsidiaries in Canada and the United Kingdom; branches in Bahrain, China, Dubai International Finance Centre, Hong Kong, Singapore, South Africa, United States; and representative offices in Bangladesh, Nepal, Indonesia, Malaysia and United Arab Emirates. Its UK subsidiary has a branch in Germany.
ICICI Bank Limited, Singapore Branch
Singapore Branch is the first overseas branch of ICICI Bank. The Monetary Authority of Singapore (MAS) granted ICICI Bank a license for branch banking in Singapore with effect from August 1, 2003.
In April 2010, MAS granted ICICI Bank a Full Bank license with Qualified Full Banking (QFB) privileges and ACU capabilities.
Singapore Branch’s strategy revolves around 4 major ecosystems (mentioned below) to capture the trade, investment and the remittance flows between South East Asia (SEA) and India:
