MoneyWorks4Me

Ministry of Defence assigns ICICI Bank to provide financial services in overseas procurement

08 Jul 2022 Evaluate

The Ministry of Defence (MoD) has assigned ICICI Bank to provide the Letter of Credit and Direct Bank Transfer business for overseas procurement by the Ministry. MoU in this connection has been signed with the bank recently by PCDA, New Delhi on behalf of MoD. Till now, only authorised public sector banks were utilised to provide these services to MoD.

ICICI Bank is a leading private sector bank in India.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
View more..