• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Feb. 28 ICICI UK PLC, a wholly owned subsidiary of ICICI Bank, started operations in Germany, by opening its Frankfurt branch. The branch is a member of the Association of German Banks, said a press release from the bank.

ICICI Bank UK PLC also launched a call money account product “HiZins” with an interest rate of 4.75 per cent. This would be a no-frills savings account with withdrawals available on a daily basis, and no restrictions on the amount that can be deposited. Customers will be served through a call centre that will be located in Germany.

The Frankfurt branch will focus on serving corporate businesses with significant Germany-India linkages and also serve customers Internet and telephone banking, the release said.

ICICI Bank UK PLC is a UK incorporated bank offering retail and corporate and investment banking services in the UK and Europe. ICICI Bank is currently present in 19 countries including Germany.

More Stories on : Overseas Investments | Private Banks | ICICI Bank Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee flat against dollar

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line