ICICI Bank inaugurated a new branch at Ferozpora in Tangmarg town of Baramulla district, Jammu & Kashmir. This is the first branch at Ferozpora which will cater to the varied banking needs of 1,500 households.
Sub Divisional Magistrate, Tangmarg, Shabir Hussain inaugurated the branch.
Speaking on the occasion, Shabir Hussain said, “Overwhelmed to see a world-class private bank coming to this rural area for providing the banking facility. With this not only the local population will get a feel of world-class service but also will enhance the tourism-driven segments since the majority of villagers are involved in tourism trade at Gulmarg.”
The branch will remain open from 10 am to 4 pm on Monday to Friday as well as on the first, third and fifth Saturday of the month, the Bank said in a statement
The branch will offer a comprehensive range of accounts, deposits including savings and current accounts, term deposits and various loans including auto, personal and credit cards. Further, the branch will conduct financial literacy camps along with mobile and internet banking demonstrations as part of its financial literacy campaign.
ICICI Bank services its large customer base through a multi-channel delivery network of branches and ATMs, phone banking, internet banking and mobile banking. It has nearly 40 branches and 65 ATMs in Jammu & Kashmir.
ICICI Bank Ltd is a leading private sector bank in India. The Bank’s consolidated total assets stood at Rs 11,77,498 crore on December 31, 2018. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management, and securities brokerage companies, and among the country’s largest private equity firms. It is present across 17 countries, including India.
