ICICI Bank, one of India’s largest private sector banks, established a partnership with Santander Bank in the United Kingdom, aimed at making banking easier for businesses operating in both countries. The ICICI and Santander UK Plc signed a MoU in Mumbai to build a framework of partnership between the banks to satisfy the financial service needs of corporate clients operating along the India-UK corridor.
The MoU will offer banking solutions across trade, cross-border payments, supply chain, treasury solutions and retail banking to the UK corporates operating in India. Santander UK will provide its support to Indian corporates and new-age businesses for their banking requirements in the UK.