ICICI Bank Gains a Foothold in Singapore

According to a report in Business-Standard, The Monetary Authority of Singapore [MAS] is now willing to open the doors for two Indian banks — State Bank of India and ICICI Bank (IBN) — and offer them the status of qualifying full bank [QFB], which can raise retail deposits and operate at 25 centres in Singapore.

This will no doubt continue to help ICICI gain international footprints.

IBN 1-yr chart:

click to enlarge