ICICI hungry for more remittances


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ICICI Bank, one of CK Prahalad's favorites, is headed even further into the $24 billion Indian remittance market. No specifics yet, but expect to see innovative products coming from ICICI over the next six months. Maybe remittances via mobile banking? From the bank's remittances chief, Manish Mishra:

We have a few innovatively-structured products tailor-made for the remittances market in the pipeline slated for launch before March 2007...The new products will focus on end-beneficiaries who do not have an account with us as also on the hitherto unbanked segments.

via The Hindu

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