ICICI Bank has won an award from The Asian Banker Excellence in Retail Financial Services programme for the bank''s outstanding performance in its remittance business in 2007. The award was made by the Asian Banker Excellence in Retail Financial Services 2007 in conjunction with the region''s most prestigious retail banking event, the Excellence in Retail Financial Services Convention which was held at The Westin Grande Sukhumvit hotel in Bangkok.
About 150 senior bankers from award-winning banks in 23 countries from Asia Pacific, and Gulf region were present at the award ceremony. The awards programme, administered by The Asian Banker and refereed by prominent bankers, consultants and academics from around the world, is the most prestigious award of its kind. The scorecard used to determine the winners and the position of the different retails banks in the region is attached. This is the second time ICICI Bank received this award.Leveraging customer willingness to pay for convenience and speed reliance on currency conversion revenue, ICICI Bank has introduced a slew of timely fee-based premium products and services in 2007.The bank''s instant online remittance fee product has become the single largest channel in its key UK and Canadian markets and has exceeded contributions from its biggest branches three months after the launch. Significantly, ICICI Bank has also opened a new instant call-in remittance service, expanding fee and cross-selling opportunities.
About 150 senior bankers from award-winning banks in 23 countries from Asia Pacific, and Gulf region were present at the award ceremony. The awards programme, administered by The Asian Banker and refereed by prominent bankers, consultants and academics from around the world, is the most prestigious award of its kind. The scorecard used to determine the winners and the position of the different retails banks in the region is attached. This is the second time ICICI Bank received this award.Leveraging customer willingness to pay for convenience and speed reliance on currency conversion revenue, ICICI Bank has introduced a slew of timely fee-based premium products and services in 2007.The bank''s instant online remittance fee product has become the single largest channel in its key UK and Canadian markets and has exceeded contributions from its biggest branches three months after the launch. Significantly, ICICI Bank has also opened a new instant call-in remittance service, expanding fee and cross-selling opportunities.
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