Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, December 22 2020 - 17:12
ICICI Bank launches 'Infinite India', a comprehensive online platform for foreign companies setting up operations in the country
MUMBAI, India, Dec. 22, 2020 /PRNewswire-AsiaNet/ --

 - The platform offers banking as well as value-added services 
 - First bank in India to offer such facilities

    ICICI Bank announces the launch of an online platform for foreign companies 
looking to establish or expand business in the country. Called 'Infinite 
India', the platform offers them banking solutions as well as value-added 
services such as incorporation of a business entity, corporate filings, 
licences and registrations, HR services, compliances and taxation among others. 
An industry-first initiative, the 'Infinite India' platform offers significant 
convenience to foreign companies, as it eliminates the need of co-ordinating 
with multiple touchpoints leading to a hassle-free experience of doing business 
in India. 

    The 'Infinite India' initiative is a part of the host of 
technology-enabled-services that the Bank is offering to foreign companies/MNCs 
coming to India. These technology-enabled-services are aimed at strengthening 
the Bank's position in the MNC segment, an important area. Driven by its 
dedicated team of relationship specialists, a comprehensive suite of 
technology-enabled services and leveraging on its global footprint to drive 
India-linked business, ICICI Bank will continue to build strong relationships 
with MNCs in India. 

    Commenting on the launch, Ms. Vishakha Mulye, Executive Director, ICICI 
Bank said, "Over the years, India has emerged as a preferred destination for 
foreign investment. We believe that a young demographic profile, strong 
consumer demand and supportive Government initiatives has boosted India's 
economic outlook significantly. Also, India's position in the World Bank's 
survey on 'ease of doing business' improved significantly over the past few 
years, attracting foreign companies to set up operations here.

    In these improved scenario, we are launching the 'Infinite India' portal, 
that brings together various banking and value-added services on one platform 
for foreign companies. It frees up their bandwidth from time-taking procedures 
and thus boosts their business growth by improving overall productivity and 
efficiency. The initiative of 'Infinite India' portal is part of our strategy 
to further strengthen our technology-enabled offerings aimed to partner with 
foreign companies coming to India. We believe that our dedicated strategy for 
this segment will further simplify the journey of foreign companies looking to 
start or expand their business in India."

    Value-added offerings: The foreign companies get end-to-end services 
ranging from advisory to getting connected with subject matter experts, who in 
turn help the companies to incorporate a business entity, corporate filings, 
licences and registrations, HR services, compliances and taxation among others. 
These value-added services are now available in association with a a leading 
cloud based business accounting and corporate services firm. The Bank will 
induct more partners on board in order to expand its bouquet of services on the 

    Banking services: The Bank provides a wide range of products and services 
that cover the entire range of the financial space, to cater to every banking 
need of a foreign entity. The offering spreads across corporate banking, 
personal banking, treasury operations, trade services, digital channels- 
internet banking and mobile application, API integrations, customised current 
account with a dedicated manager and authorise set-up of office among many 
other banking services.

   Any multinational from across the globe, from any industry including IT, 
ITES services, manufacturing, pharmaceuticals, automotive, textiles can visit 
the 'Infinite India' portal, and apply 
for a service required by them.

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   Source: ICICI Bank