ICICI Singapore Bank
ICICI Bank Limited is a bank based in India.
With total consolidated assets of USD 199.8 billion as of September 30, 2020, ICICI Bank Limited (ICICI Bank) is one of India’s major private sector banks. ICICI Bank has a presence in 16 countries, including India, and has a network of 5,288 branches and 15,158 ATMs. ICICI Bank’s subsidiaries include some of India’s top private equity enterprises, as well as the country’s major private sector insurance, asset management, and securities brokerage firms.
ICICI Bank has branches in Bahrain, China, Dubai International Finance Centre, Hong Kong, Singapore, South Africa, and the United States, as well as representative offices in Bangladesh, Nepal, Indonesia, Malaysia, and the United Arab Emirates. It has a branch in Germany via its UK affiliate.
Singapore Branch of ICICI Bank Limited
ICICI Bank’s Singapore office is the bank’s first foreign branch. With effect from August 1, 2003, the Monetary Authority of Singapore (MAS) awarded ICICI Bank a branch banking license in Singapore.
ICICI Bank was given a Full Bank license with Qualified Full Banking (QFB) rights and ACU capabilities by the MAS in April 2010.
To harness trade, investment, and remittance flows between South East Asia (SEA) and India, Singapore Branch’s strategy centres on four primary ecosystems (listed below):
ICICI Bank makes every effort to protect and secure the information submitted by its customers. For data transfer, ICICI Bank utilizes 128-bit encryption, which is the highest degree of encryption presently allowed in India and Singapore. If the information given by consumers is not encrypted, the customers’ system (if set appropriately) will show an appropriate notification, maintaining the highest degree of confidentiality for the customers’ information.
Customers will be expected to work with ICICI Bank to guarantee the security of their information, and it is strongly advised that they pick their passwords, codes, and other security measures properly to prevent unauthorised access by other parties. Customers should utilize a mix of alphabets, numbers, and special characters (such as!, @, #, $, etc.) to make passwords, codes, and other security measures complicated and difficult for others. Customers should agree not to reveal their passwords, codes, or other personal information to anyone or to preserve any written or other record of their passwords, codes, or other personal information that might be accessed by a third party.
ICICI Bank commits to not disclosing customer information to anybody unless it is required to:
Comply with legal standards or the legal procedure;
Protect and defend the rights, interests, or property of ICICI Bank or its Affiliates.
Enforce product or service terms and conditions; or Act to safeguard the interests of ICICI Bank, its affiliates, members, constituents, or other people.
Customers must not divulge to any other person, in any fashion, any confidential information about ICICI Bank or its affiliates gained in the course of using the Website. Failure to comply with this requirement will be considered a major violation of the conditions hereunder, and ICICI Bank or its affiliates will be right to terminate the services, without prejudice to any damages to which the customer may be entitled.
To provide better service to clients, ICICI Bank will only collect and utilize customer information on a need-to-know basis. ICICI Bank may use and share customer information with its Affiliates and third parties for the purposes of providing services and any service-related activities, such as collecting subscription fees for such services and notifying or contacting customers in the event of a problem with, or the expiration of, such services. It may be necessary to reveal customer information to one or more ICICI Bank agents, contractors, and sub-contractors in this regard, but such agents, contracts, and sub-contractors will be required to agree to use the information acquired from ICICI Bank exclusively for these reasons.
The Customer authorizes ICICI Bank to exchange, share, and part with all information related to the customer’s details and transaction history to its Affiliates / banks / financial institutions / credit bureaus / agencies/participation in any telecommunication or electronic clearing network as may be required by law, customary practice, credit reporting, statistical analysis and credit scoring, verification, or risk management, and the Customer shall not hold ICICI Bank liable for us.
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