The Hindu : ICICI Bank offers investment advisory services

Online edition of India's National Newspaper
Tuesday, Aug 06, 2002

Business

Business

ICICI Bank offers investment advisory services

By Our Corporate Reporter

CHENNAI AUG. 5. ICICI Bank today launched its private banking to cater to the entire banking and financial advisory needs of high net worth customers.

Announcing the launch simultaneously in 20 cities from Chennai, the executive director of the bank Chanda Kochhar told presspersons with this launch ICICI Bank was uniquely positioned to offer its customers the most comprehensive range of private banking products and services.

Under this the bank would offer professional financial planning and investment advisory services to assist its private banking customers in their investment and savings plans. For this purpose the bank had deployed a trained team of 70 relationship managers to address the needs of high net worth individuals, she said. Depending upon the business growth the service would be expanded to more cities, Ms. Kochhar said.

According to Arpit Agarwal, Deputy General Manager, the bank had greatly enhanced its offerings for high net worth individuals and would come out with more and more products to suit the needs of customers. He said thee bank was serving a growing customer base of more than five million customer accounts across the country through its 410 branches and 1,050 networked ATMs.

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