Venkataraman |
The arrangement will enhance Dubai Bank's trade services for its corporate clients with benefits in terms of faster turnaround times and lower costs for their India trade.
"Dubai Bank is committed to setting pioneering standards in the quality of service and building strong partnerships.
"The alliance with ICICI Bank is another step towards this. It will help the bank in enhancing the value proposition offered to corporate clients," said Vikram Venkataraman, head of corporate and institutional banking at Dubai Bank.
"There are clear synergies between Dubai Bank and ICICI Bank - expertise, speed, flexibility and an unstinting commitment to the customer - and we plan to build on this relationship in time. Our relationship marks the start of expansion of our operations and network to meet the growing needs of our corporate clients. "
Sudhir Dole, deputy general manager and head of International Financial Institutions Group at ICICI Bank, said: "The relationship leverages ICICI Bank's corporate banking expertise and technology capital to provide value added trade finance solutions to Dubai Bank's corporate clients.
"ICICI Bank is now recognised as the leading trade finance bank in India and we are optimistic that other financial institutions will also leverage our expertise."
