ICICI Bank is aiming to facilitate 30 lakh transactions through its inter-operable electronic toll collection (ETC) facility on national highways by March 2017. ETC enables vehicles to pay highway tolls electronically without stopping at toll plazas.
The country’s largest private sector lender, also the first bank to have rolled out the facility, is also planning to issue 4 lakh tags to motorists to allow them a hassle-free passage through toll plazas on the national highways. Currently, there are 343 ICICI Bank enabled locations across major national highways that cover about 90 percent of the tolled national highways network.
ICICI Bank is India’s largest private sector bank with consolidated total assets of $138.67 billion as of March 31, 2016. Its subsidiaries include India's leading private sector insurance companies, securities brokerage firm and mutual fund. The bank’s presence currently spans 17 countries, including India.
