ICICI Bank and Indian Army ink banking deal
By Vaibhav Aggarwal
Feb 3, 2011
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The largest lender of the country, ICICI Bank has signed a pact with Indian Army for extending modern banking facilities to the defence personnel. A memorandum of understanding (MoU) has been signed Mr. Rajiv Sabharwal, Executive Director, ICICI Bank and Lt Gen V.K. Chaturvedi, PVSM, AVSM, SM, Director General (MP & PS), Indian Army.

With this, the bank has become the first lender to tie up a deal with the Indian Army.

The tie up will facilitate army personnel to avail the various products and services of the bank via its network of 5800 ATM's and 2510 branches.

The product range of the bank consists of deposits, mutual fund, investment products, demat services and loans like Home Loan, Auto Loan and Personal Loans to cater to different needs.

Speaking at the occasion Mr. Rajiv Sabharwal, Executive Director, ICICI Bank said, "ICICI Bank is grateful to the contribution made by Indian Army in the service of the nation. It is an honour to be associated with the Army to offer banking products and services. ICICI Bank offers special benefits and rates to the Army personnel with special consideration for Gallantry Award winners, disabled soldiers and war widows."


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