ICICI Bank Ltd.

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.