ICICI Bank inked a Memorandum of Understanding (MoU) with Santander UK Plc, a premier British bank, establishing a framework of partnership between the banks for financial service requirements of the corporate customers in the India – UK corridor.
The MoU was signed Sriram H. Iyer, Head – International Banking Group, ICICI Bank and John Carroll, Head- International & Transactional Banking, Santander UK.
Bank will offer UK businesses operating in India banking solutions in trade, cross-border payments, supply chain, treasury solutions, and retail banking. And, Santander UK will support Indian corporates for their banking requirements in UK.
Sriram H. Iyer, Head – International Banking Group, ICICI Bank said, “We are delighted to partner with Santander. This partnership will be helpful in providing seamless banking services for corporates in the UK-India corridor.”
“ICICI Bank has a wide network, industry-first digital offerings, and comprehensive suite of corporate ecosystem banking. We will support and help customers of Santander UK to grow their business in India,” he said.
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Appreciating ICICI Bank as a pioneer in the Indian banking industry, John Carroll, Head – International & Transactional Banking, Santander UK said, “With its industry-first digital solutions as well as local expertise, client focused solutions and a tailored sectoral approach, the bank will support ambitious UK SMEs looking to succeed in India.”
Next month, Santander UK will launch a digital platform to help UK companies in international expansion, Carroll added.
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