ICICI Bank, India's largest private sector bank, has started its operations in the United States at posh midtown New York. It is the banks first branch in US.
Under the license granted by regulators here, initially the bank will be providing services to corporate customers, but it aims is to go into general retail banking also.
Talking to PTI, Executive Director Sonjoy Chatterjee said that at present the bank has been authorized to do retail business for Indians who come to the United States on work H1B visa.
He said the bank, will be offering package facilities to them. For example, they could be given credit card and cheque book before they leave for the US to enable them to do business from the day of their arrival.
On being asked whether Indians on other visas will be able to avail of the facility, Chatterjee said only and specifically H1B visa is mentioned in the license.
The bank will be offering a suite of banking services including working capital, acquisition finance, trade services and treasury solution to corporates and savings products to qualified individuals.
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