Monday, March 10, 2008

ICICI Bags In Salary Accounts Of Over 50 Corporates In Partnership

ICICI Bank Ltd''s Sri Lanka Branch was able to procure salary accounts of over 50 Corporates within one year, a product that was made available to the local corporate sector in Sri Lanka. The Bank felicitated its customers at a recent gathering over this achievement. Sachin Sikka, Sri Lanka''s Senior Vice President and Head of Retail Libilities, ICICI Bank said that since they launched this product to the top corporate management and decision makers in Sri Lanka one year ago they have received a good response in the market resulting in over 50 partnerships with the corporates.

Those Corporates, who wished to open salary accounts of their employees with ICICI BANK, could have their salaries credited to the account at no cost, with the concept of ''Single Debit Multiple Credits''. The concept of Drop Boxes was explained to the gathering in Colombo, which was attended by representatives of leading Corporates. The Bank''s customers took the opportunity to speak of their experiences and recounted how this particular product had helped their day to day operations. Since the commencement of operations in Sri Lanka, the Bank has been highly successful in attracting a growing number of customers through its unique retail and corporate products, including an exceptional ATM network totaling 800 island-wide [regardless as to whether its an ICICI ATM or not], personal loans, and speedy remittance services. ICICI Bank''s international ATM-cum-Debit card is also accepted at any VISA enabled point of sale terminal in Sri Lanka as well as globally, to provide customers with the dual convenience of cash free transactions and greater security.

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