Page 23 - Banking Finance June 2024
P. 23
PRESS RELEASE
Karur Vysya Bank opens its 840 th Branch at Ayodhya
Karur Vysya Bank (KVB) inaugurated a new branch at Ayodhya today. This is the 840 th Branch of the Bank. Dr. Meena
Hemchandra, Chairperson, Karur Vysya Bank inaugurated the
Branch. Ayodhya is the 7 th Branch of the Bank in Uttar
Pradesh and the 35 th Branch in the Delhi Division of the Bank.
The new branch is located at Old No. 5/3/5, New No. 5/13/9,
Swami Dayanand Marg, Rampath, Ayodhya - 224 001. The
branch will provide the complete range of banking services
that include retail and commercial banking products,
insurance products through third party tie-ups, etc. The
branch has been provided with an ATM, Cash Deposit Machine
and Passbook printer for the convenience of its customers.
Speaking on the occasion, Mr. B Ramesh Babu, MD &
CEO of the Bank said The Bank had opened 39 new branches
during FY 2024 and proposes to add about 100 new branches across the country during the current financial year. The
Bank posted the highest ever annual Net Profit of Rs. 1605 cr. during the last financial year. The Net NPA of the Bank
stood at 0.40%. The Bank continues its strong growth momentum, consistency in Asset quality and profitability.
Shri B Ramesh Babu, MD & CEO, Sarvashri K S Ravichandran, R Ramkumar, K G Mohan, Murali Ramaswamy and R
Vidhya Shankar, Directors of the Bank and other senior executives were present on the occasion.
ICICI Bank enables NRI customers to use international mobile
number to make UPI payments in India
ICICI Bank announced that it has enabled NRI customers to use their international mobile number to make UPI payments
instantly in India, thereby significantly enhancing their convenience of making
everyday payments. With this facility, the NRI customers of the Bank can make
payments for their utility bills, merchant and e-commerce transactions with their
international mobile number registered with their NRE / NRO bank account held
with ICICI Bank in India. The Bank has made this service available through its
mobile banking app, iMobile Pay. Earlier, NRIs had to register an Indian mobile
number with their banks to make UPI payments.
To bring forth this facility, ICICI Bank has leveraged on the international
infrastructure laid down by National Payments Corporation of India (NPCI) for
convenient usage of UPI across countries. The Bank offers this facility across 10 countries namely USA, UK, UAE, Canada,
Singapore, Australia, Hong Kong, Oman, Qatar and Saudi Arabia.
NRI customers of the Bank can make UPI payments by scanning any Indian QR code, sending money to a UPI ID or any
Indian mobile number or Indian bank account.
Speaking on the initiative, Mr. Sidharatha Mishra, Head Digital Channels and Partnerships, ICICI Bank said, We are
delighted to partner with NPCI to launch the UPI facility on international mobile number through iMobile Pay. With this
facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI.
This launch reinforces our commitment to provide our NRI customers with innovative solutions, for them to have a safe,
secure and hassle-free payment experience. We are witnessing a positive response from our NRI customers who have
started using this facility. With this initiative, we intend to leverage on NPCIs UPI Infrastructure in strengthening and
transforming the digital payments ecosystem globally.
BANKING FINANCE | JUNE | 2024 | 21
