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ICICI Bank launches online platform for foreign companies entering India

Published: Dec 22, 2020

By TIOLCORPLAWS News Service

MUMBAI, DEC 22, 2020: ICICI Bank today announced the launch of an online platform for foreign companies looking to establish or expand business in India, providing them banking solutions and value-added services.

The bank's 'Infinite India' platform offers companies banking solutions and value-added services such as incorporation of a business entity, corporate filings, licences and registrations, HR services, compliances and taxation among others.

"The 'Infinite India' initiative 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," said Ms Vishakha Mulye, Executive Director, ICICI Bank.

An industry-first initiative, the platform offers significant convenience to foreign companies, as it eliminates the need of coordinating with multiple touchpoints leading to a hassle-free experience of doing business in India, the bank said in a statement.

According to the private sector lender, Infinite India will free up the bandwidth of companies from time-taking procedures as they would get single-point access to a host of services and ultimately boost their growth.

The technology-enabled-services are aimed at strengthening the bank's position in the multinational corporation (MNC) segment.

The bank said they will induct more partners on board in order to expand their offerings on the platform.

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