One of successful running private bank, ICICI Bank, has launched its second branch in Hong Kong. The branch will be tagged under retail branch, as it will provide Hong Kong residents and Non-Resident Indians (NRIs) access to the bank through products and services like term deposits, current accounts, remittance services and NRI services.

“ICICI Bank’s Hong Kong branches aim to provide value to our clients by providing best-in-class financial solutions to them. In addition, they will act as gateways for companies in this region wanting to do business in India and Indian companies wanting to expand abroad. This new branch will enable us to play a role in the rapidly evolving economic landscape in the region,” said Vijay Chandok, president – international banking for ICICI Bank.

ICICI Bank obtained its banking license on October 10, 2005 in Honk Kong, by the Hong Kong Monetary Authority. From the mid-November of the same year, the bank kicked off its business. Now for the second brand, the Hong Kong Monetary Authority had grant approval on July 2012.