BANK NEWS
New Development, ICICI ink preferred partner pact
Mumbai. New Development Bank (NDB), which is headed by K V Kamath, has chosen his former
organisation ICICI Bank for its first tie-up with any bank in India to explore opportunities around bond issuances, co-financing, treasury management and human resources.
On Thursday, the two lenders announced they have signed a Memorandum of Understand (MoU) according to which they would consider each other as “preferred partners” to work in the aforementioned areas.
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