Nabil Bank and India’s leading private sector bank ICICI Bank today signed a Memorandum of Understanding (MoU) that sets out a framework for co-operation and strengthen the existing relationship between the two institutions across various businesses like trade, remittances and treasury.
Nabil chief executive Anil Keshary Shah and head of International Financial Institution Group under ICICI Bank Ranju Sigtia signed the MoU at Nabil Bank’s head-quarters in Kathmandu.
The banks will work in close co-ordination with each other to support the trade and treasury needs of their customers seamlessly. The initiative will enable both the banks to effectively leverage the combined strengths of Nabil Bank’s deep market access in Nepal and ICICI Bank’s expertise in banking and the distribution franchise across India and in key global markets, reads a press note issued by the Nabil Bank.
“We are proud to partner with ICICI Bank,” said Shah after signing ceremony. “This MoU creates a platform for sharing knowledge and deepening network connectivity between Nabil Bank and ICICI Bank - especially for our customers doing business with India,” he added.
Speaking on the occasion, Sigtia said that Nepal has a strong and growing, trade and investment corridor with India. “The ICICI Bank has been actively working with partner banks to connect customers in Nepal with India and other overseas locations, where ICICI Bank has its presence,” she said, adding that in line with the bank’s continuing commitment to furthering participation in the growing India-Nepal economic corridor, the bank is delighted to sign this MoU with Nabil Bank.
Nabil chief executive Anil Keshary Shah and head of International Financial Institution Group under ICICI Bank Ranju Sigtia signed the MoU at Nabil Bank’s head-quarters in Kathmandu.
The banks will work in close co-ordination with each other to support the trade and treasury needs of their customers seamlessly. The initiative will enable both the banks to effectively leverage the combined strengths of Nabil Bank’s deep market access in Nepal and ICICI Bank’s expertise in banking and the distribution franchise across India and in key global markets, reads a press note issued by the Nabil Bank.
“We are proud to partner with ICICI Bank,” said Shah after signing ceremony. “This MoU creates a platform for sharing knowledge and deepening network connectivity between Nabil Bank and ICICI Bank - especially for our customers doing business with India,” he added.
Speaking on the occasion, Sigtia said that Nepal has a strong and growing, trade and investment corridor with India. “The ICICI Bank has been actively working with partner banks to connect customers in Nepal with India and other overseas locations, where ICICI Bank has its presence,” she said, adding that in line with the bank’s continuing commitment to furthering participation in the growing India-Nepal economic corridor, the bank is delighted to sign this MoU with Nabil Bank.
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