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| ICICI Bank signs pact for SMX Clearing and Settlement Membership | | |
Early Times Report
Jammu Nov 12
ICICI Bank Limited, India’s second-largest Bank, has entered into an agreement for clearing and settlement banking membership of Singapore Mercantile
Exchange (SMX).
According to Director & CEO, ICICI Bank Chanda Kochhar, Managing said, “The association with SMX reflects our focus towards expanding our footprint in the clearing and settlement banking services across the globe. He said this membership will enable ICICI Bank to provide clearing and settlement processing services to facilitate settlement of transactions executed on SMX.
Thomas McMahon, SMX’s Chief Executive Officer, said, “We are extremely pleased to have an institution of the calibre and critical mass of ICICI Bank as a settlement bank”
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