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.
