Date:19/04/2006 URL: http://www.thehindubusinessline.com/2006/04/19/stories/2006041903910200.htm

Back ONGC to bank with ICICI also

Our Bureau

New Delhi, April 18

Oil and Natural Gas Corporation Ltd has approved parallel banking arrangement with ICICI Bank. A statement issued by the oil major points out that till now State Bank of India had been the sole banker for ONGC. On April 12 this year, the Corporation's board approved the decision to go in for parallel banking arrangement, so as to obtain the benefits of competitive customer service from the top two banks.