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The licence of ICICI Bank’s Doha branch has been upgraded to Category I by the Qatar Financial Centre Regulatory Authority (QFCRA).
With the upgraded licence, the branch, which has been operating since 2007, can now accept deposits and provide credit to business customers as per the QFCRA rules.
Treasury and Forex related activities are also permissible under the new licence, the bank said in a statement.
The above services are in addition to arranging of deals in investment for private banking clients which is currently offered under the Category IV licence.
Source: thehindubusinessline
With the upgraded licence, the branch, which has been operating since 2007, can now accept deposits and provide credit to business customers as per the QFCRA rules.
Treasury and Forex related activities are also permissible under the new licence, the bank said in a statement.
The above services are in addition to arranging of deals in investment for private banking clients which is currently offered under the Category IV licence.
Source: thehindubusinessline
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