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ICICI Bank signed MoU with MUFG Bank Ltd, Japan

Published on February 08, 2021
Current Context: India’s private sector bank, ICICI Bank has signed MoU with Japan-based MUFG Bank Ltd.
ICICI Bank signed MoU with MUFG Bank Ltd, Japan
  • The MoU is signed to fulfil banking requirements of Japan’s corporates which are present in India.
  • The MoU is signed to develop a framework between all the banks in order to fulfil domains like trade, investment, treasury, and retail banking solutions.
  • Under this MoU, MUFG will introduce Japanese firms to ICICI Bank.
  • Static Part: 
    • HQ of ICICI Bank: Mumbai
    • MD and CEO of ICICI Bank: Sandeep Bakhshi

Question: 

Q.1 With which private sector bank has Japan-based MUFG Bank Ltd entered into MoU?
a. Yes Bank
b. Axis Bank
c. HDFC Bank
d. ICICI Bank
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