ICICI Bank awarded as the Outstanding Private Bank by Private Banker International

 

Singapore, Oct. 18, 2007
Ashok Shah

ICICI Bank, India's second largest bank, 50 years presence in financial services and with assets over Rs. 3,569.32 billion has been awarded the 'Outstanding Regional Private Bank, Asia Pacific' award by Private Banker International, Summit 2007. ICICI Bank is the first Indian bank to get this award.

ICICI Bank is a leading player in the retail banking market and services its large customer base through a network of over 950 branches and 3,600 ATMs.

Anup Bagchi, head, of ICICI Bank said:

• It validates strategies and products that private banking division offers to its High Networth Individual (HNIs) customers and the continued faith our HNI customers have in us.
• We are delighted to receive this award.
• Being a financial super-house in India with undisputed leadership in wealth management, retail banking etc..ICICI Bank has also successfully developed global capabilities in offering a wide range of banking financial solutions from our offshore offices which span 18 countries.
• Our product specialists, based out of India and overseas locations, continuously research the international financial markets and asset classes and come out with innovative products.

 

John Evans, Managing Editor Private Banker International said:

• ICICI Bank is one of the few banks in Asia that is taking to the fight to the Western home markets of the big guns of global wealth management.
• It has a growing international network in Europe, North America and the Middle East, a great machine for attracting NRI money, and of course strength in-depth when it comes to creating a domestic wealth franchise.

  ICICI Bank is a full-service direct bank offering a comprehensive suite of personal and commercial banking, trade finance and (NRI) Non-resident Indian services.