iPhone | iPad
Android
Huawei
The rising star has already played 100 international matches for the UAE
KT APPDOWNLOAD
ICICI to set up a branch in DIFC
DUBAI — ICICI Bank Limited, a leading Indian bank announced that it has obtained licence from Dubai Financial Services Authority (DFSA) to open its branch in Dubai International Financial Centre (DIFC).
The services of the new branch are available to high net worth clients with liquid assets of $ 1 million or more. K V Kamath Managing Director and CEO, ICICI Bank said: "The UAE itself has more than 53,000 millionaires. We are delighted to set up a branch at DIFC as it will provide the necessary platform to expand the international Private Banking operations in the region."
International Private Banking arm of ICICI was set up over two years ago to provide private banking solutions to the High Net Worth Non Resident Indian (NRI) population across the world. According to ICIC's own estimates there are more than 20,000 Indian millionaires living in the Gulf region.
Dr Omar bin Sulaiman, Director General, DIFC Authority, welcoming ICICI Bank Limited said: "India and Indians are a very important market to the DIFC, we are looking forward to welcoming the key players from this market to engage in wholesale financial services in the DIFC. Being based at the DIFC gives them the ideal platform for their global expansion and to reach out into a region with immense liquidity."
More news from
Johnson Controls chair sees private sector increasingly coming on board to boost sustainability goals
UAE Central Bank Governor says this includes financing the transition and climate adaption strategies of corporate customers
Ongoing initiatives and innovations will further solidify the Dubai-based club’s position as a leader in environmental conscious golfing
It started on October 7 when Hamas gunmen carried out a surprise attack on southern Israel and took 240 hostages to Gaza
After a historic day-one agreement to operationalise a fund for climate impact response, announcements have poured in across the entire climate agenda
An all-expenses trip to the US for the World final and a bucket-list visit to the Masters awaits the overall regional champions
Tech companies like Amazon, Google, Microsoft, Meta and IBM have announced hundreds of thousands of job cuts this year