ICICI Bank ties with Sri Lankan bank for remittance facility
By Vaibhav Aggarwal
May 12, 2011
Print    Email    RSS   

The largest private sector lender of the country, ICICI Bank has joined hands with Sri Lankan lender, Sampath Bank PLC in order to promote offshore remittance facility between the nations.

Sri Lanka has an online fund transfer platform called Money2SriLanka (M2SL) which helps beneficiaries in Sri Lanka to receive remittances from any other countries, said ICICI Bank.

"We remain committed to extend expertise in the cross border payments business and the online tracking service for money transfers is the first step towards creating a remittance platform for Sri Lanka," an ICICI spokesperson said.

The remittances through M2SL can be availed by ICICI Bank Sri Lanka and Sampath Bank. The disbursal would take place to the beneficiaries' accounts through Sri Lanka Interbank Payment System (SLIPS). Beneficiaries can have accounts with any bank in Sri Lanka.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Carnival of Indian Personal Finance Blogs #4
Effect of employment on loan eligibility...
Benefits and drawbacks of personal loans...
Know about Personal loan against fixed...
Carnival of Indian Personal Finance Blogs #6

HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive