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ICICI Bank sets up presence in Nepal
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SME Times News Bureau | 03 Dec, 2020
Lending major ICICI Bank on Thursday launched its operations in Nepal,
via a representative office, to become the first Indian private sector
bank to set up its presence in the country.
The bank opened a
representative office in Kathmandu which will closely work with the
domestic banks in Nepal to facilitate investment, trade, payments and
treasury business between the two countries.
According to the bank, the current foray has expanded its global footprint to 15 countries including India.
"India
and Nepal have significant trade and investment links between them. We
believe that ICICI Bank's on-ground presence through the new
representative office coupled with its strong business partnerships with
banks in Nepal, will help us further our participation in the economic
flows between the two countries," said Sriram H. Iyer, Head -
International Banking Group, ICICI Bank.
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