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ICICI Bank inks pact with NMDFC

27 Aug 2022 Evaluate
ICICI Bank and the National Minorities Development and Finance Corporation (NMDFC) have signed an agreement for the development of financial accounting software and mobile application. The Memorandum of Understanding (MoU) provides for the development of financial accounting software for NMDFC and State Channelizing Agencies (SCAs), loan accounting software for receiving and processing of loan applications and accounting of repayments from beneficiaries.

ICICI Bank will design, develop and deploy the application for NMDFC, provide source code and executable database information among others.

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
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