In a bid to offer an instant remitting service to Indians residing in the Gulf nation, India’s largest private sector lender ICICI bank has tied up with a leading UAE-based bank. The tie up with Emirates NBD enables customers to transfer funds to account holders of ICICI bank in India within a minute through the DirectRemit service.
The customers can avail themselves of this service through internet banking, mobile banking and ATMs of Emirates NBD.
ICICI Bank is India’s largest private sector bank with consolidated total assets of $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.
