ICICI Bank (DIFC Branch), Dubai started its operations on December 11, 2005. Subsequently, ICICI Bank (DIFC Branch), Dubai has been granted Category -1 License by Dubai Financial Services Authority (the Regulator) for DIFC Banking activities on January 24, 2011. Such a license entitles the DIFC Branch to conduct full corporate and commercial banking operations in the UAE region. Under this license, the bank can perform activities like Arranging Credit and Advising on Credit, Accepting Deposits, Advising on Financial Products, Arranging Deals in Investments, and Providing Credit.
As a Category-1 Bank, we may transact with Professional Clients and Market Counterparties.
We do not have a retail endorsement on our license, so we cannot transact with retail clients.
Key activities of the branch are:
- Corporate Banking
- Trade Finance
- Private Banking
ICICI Bank Limited (DIFC Branch) is a branch of ICICI Bank Limited, India. ICICI Bank is India’s leading private sector bank with total consolidated assets of ₹ 14.76 trillion on September 30, 2020. ICICI Bank currently has a network of 5,288 Branches and 15,158 ATMs across India. The bank currently has subsidiaries in the United Kingdom and Canada, branches in Dubai International Finance Centre (DIFC) Dubai, United States, Singapore, Bahrain, Hong Kong, South Africa, and China, and representative offices in United Arab Emirates, Bangladesh, Malaysia, and Indonesia. Our UK subsidiary has an established branch in Germany.
ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialized subsidiaries in the areas of investment banking, life and non-life insurance, venture capital, and asset management.
For more detail about ICICI India limited. https://www.icicibank.com/aboutus/about-us.page?