The Economic Times, 7 Dec 2009
NEW DELHI: ICICI Bank is all set to become the second Indian financial institution to get a full-fledged banking licence in Singapore, which will allow it to set up branches, ATMs, take deposits and disburse loans like a local bank.
Singapore has given an in-principle clearance to India’s No. 2 bank to operate as a qualified full bank (QFB) in the country, a status which will allow it to open as many as 15 branches and ATM centres. India’s largest bank, government-run State Bank of India (SBI), has already been recognised as a QFB.
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ICICI Bank to go local in Singapore soon - Business Standard
