ICICI Bank - ICICI Bank NRI Services wins Asian Banker Award for Excellence in Business Model Innovation

Mumbai 8, 2009: ICICI Bank Ltd’s NRI (Non-Resident Indian) Services has been called the champ in Asia for the “Excellence in Business Model Innovation / Revenue Diversification” accolade at the 8th Asian Banker Excellence in Retail Financial Services Awards Programme.

ICICI Bank emerged as the champ amidst 120 banks and banking institutions from 22 countries above the Asia Pacific, Gulf and Central Asian regions, which were evaluated as allotment of the Excellence in Retail Financial Services Programme by The Asian Banker.

Mr. Girish Nayak, Head of NRI Services, ICICI Bank, said, “ICICI Bank has complete a acceptable and assisting business hypothesis in the NRI business. It helps NRI’s advance the all important hotlink with their home country by alms a complete artefact apartment that is accessible at the bang of a abrasion or a simple buzz alarm away. The Bank believes in innovations and it has consistently been at the beginning to accommodate the best articles to its customers”.

"The a lot of agitative business innovations that accept been arising in Asia over the endure years baby to a growing amount of humans who are complex in bounded and all-around labour migration. While abounding institutions accept jumped on this appearance recently, ICICI Bank’s NRI business leaders showed eyes and acknowledged beheading that was able-bodied advanced of its time," said Mr. Chris Kapfer, arch of the Excellence in Retail Financial Services Awards Programme of The Asian Banker.

According to The Asian Banker, ICICI Bank’s NRI business has been modeled about the NRI lifecycle access that acutely segments the casual aeon and aligns actual specific articles and casework to it. This lifecycle date access was the aboriginal in the industry for the NRI business and a key anniversary for ICICI Bank.

Except for the actual advice absolute herein, statements in this release, which accommodate words or phrases such as 'will', 'would', etc., and agnate expressions or variations of such expressions may aggregate 'forward-looking statements'. These advanced statements absorb a amount of risks, uncertainties and added factors that could could cause absolute after-effects to alter materially from those appropriate by the advanced statements. These risks and uncertainties include, but are not bound to our adeptness to access approved and authoritative approvals and to auspiciously apparatus our strategy, approaching levels of non-performing loans, our advance and amplification in business, the adequacy of our allowance for acclaim losses, abstruse accomplishing and changes, the absolute advance in appeal for cyberbanking articles and services, investment income, banknote breeze projections, our acknowledgment to bazaar risks as able-bodied as added risks abundant in the letters filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to amend advanced statements to reflect contest or affairs afterwards the date thereof.

About ICICI Bank Ltd:
ICICI Bank Ltd (NYSE:IBN) is India's better clandestine area case and the additional better case in the country with circumscribed absolute assets of about US$ 100 billion as of December 31, 2008. ICICI Bank’s subsidiaries cover India’s arch clandestine area allowance companies and a allotment of its better balance allowance firms, alternate funds and clandestine disinterestedness firms. ICICI Bank’s attendance currently spans 19 countries, including India.

ICICI Bank, Mumbai, Maharashtra
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