India's ICICI Bank gets licence for Doha branch

DUBAI — ICICI Bank has received a licence to set up a branch in the Qatar Financial Centre, Doha, Qatar. ICICI Bank, India's second largest bank, is the first Indian bank to receive a license from Qatar Financial Centre Regulatory Authority (QFCRA).

This branch would be the fourth office of ICICI Bank in the GCC region after the Dubai Representative Office, the Bahrain Branch and the DIFC branch in Dubai. The licence has been granted after due diligence conducted by the QFCRA and the Reserve Bank of India.

Meenal Mahajan has been appointed as the Resident Manager in-charge of the branch and she will be located in Doha, Qatar.

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