PhonePe has paired up with ICICI Bank for UPI transactions. PhonePe earlier tied up with Yes Bank, but after YES Bank has been placed under moratorium by Reserve Bank of India due to which UPI transactions at PhonePe got disrupted.
ICICI Bank Limited has introduced iBox, a unique self-service delivery facility that permits its customers to collect their deliverables such as different cards, cheque book and returned-cheques.
ICICI Bank has rolled out “Cardless Cash Withdrawal” service through ATM having a per day transaction limit of Rs 20,000. This service enables customers to withdraw cash from over 15,000 ATMs of the bank without using a debit card 24×7. They can withdraw cash by simply raising a request on iMobile, a mobile banking application.
Speaking on the launch, Executive Director of ICICI Bank Anup Bagchi said the bank will continue to focus on innovations in technology at all channels and touch-points that will bring more convenience to the customers. The bank’s consolidated total assets stood at Rs 12,88,190 crore at September 30, 2019. It is present across 15 countries.
The two Indian private sector lenders Axis Bank and ICICI Bank to close their operations in Sri Lanka after the Central Bank of Sri Lanka has permitted. The licenses issued by Central Bank of Sri Lanka will be cancelled once the winding-up operations are complete. The two banks are no longer to carry their banking operations, including accepting deposits from the public in Sri Lanka.