ICICI Bank launches 'ProCircle' on Money2India platform

July 24, 2014

Mumbai: ICICI Bank Limited, India's largest private sector bank, announced the launch of ‘ProCircle’, a special privilege program for the US-based users of its online money transfer tracking service Money2India (www.money2India.com).

This program is designed to cater to the specialized needs of professionals transacting on the Money2India (M2I) platform. It offers its members smooth and quick money transfers with exclusive benefits. ProCircle members are also entitled to preferential rates and a complete waiver on the service charges for every M2I transaction.

As an introductory offer, 'ProCircle' members can avail of a special discount on purchase of a yearly subscription of Yupp TV. With Yupp TV, members can access South Asian TV content in 12 different languages, through multiple internet enabled devices.

Mr. Vijay Chandok, President, ICICI Bank Limited, said "At ICICI Bank, we strongly believe in keeping users' needs as the focus of our initiatives. With 'ProCircle', we are extending a gamut of benefits like competitive exchange rates, exclusive offers and quicker money transfers at locked-in rates. We are offering all these features at a zero service charge. We are confident that this program would help us in delivering value to our users."

M2I users can enroll into this program provided they are employees of the following companies, as applicable: Infosys Technologies, TCS, Cognizant Technology Solutions India Pvt Ltd, IBM India Pvt Ltd, HCL Technologies, I Gate Computer Systems Ltd, Wipro Ltd, Syntel Ltd, L&T Infotech Ltd, Deloitte Consulting, Microsoft, Accenture, Intel, Google, E&Y, Qualcomm Technologies Inc, Price WaterHouse Coopers, Hewlett Packard, Tech Mahindra and Capgemini. To join ProCircle, they have to simply visit http://www.icicibank.com/nribanking/money_transfer/money2india.page and follow the given steps.

M2I (www.money2India.com) is a popular online money transfer tracking service offered to Non-Resident Indians (“NRIs”). With an ever-expanding base since its launch, it is the preferred mode of online money transfers to India, facilitating seamless money transfers with round the clock customer service availability. M2I uses cutting edge technology to offer different money transfer solutions and a tracking facility across popular platforms giving the user flexibility and assurance. To use this service, a user needs to complete a simple onetime online registration by accessing www.money2India.com and can thereafter, start sending money from any bank in 9 countries to any beneficiary account with over 100 banks in India.

About ICICI Bank Ltd: ICICI Bank Limited (NYSE:IBN) is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of US $ 124 billion at March 31, 2013. ICICI Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's presence currently spans 19 countries, including India.

Except for the historical information contained herein, statements in this release, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of non-performing loans, our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. All reference to interest rates, penalties and other terms and conditions for any products and services described herein are correct as of the date of the release of this document and are subject to change without notice. The information in this document reflects prevailing conditions and our views as of this date, all of which is expressed without any responsibility on our part and is subject to change. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. ICICI Bank and the "I man" logo are the trademarks and property of ICICI Bank. Any reference to the time of delivery or other service levels is only indicative and should not be construed to refer to any commitment by us. The information contained in this document is directed to and for the use of the addressee only and is for the purpose of general circulation only.

For Press Queries:

Sujit Ganguli
Senior General Manager & Head - Corporate Communications and Brand Group
ICICI Bank Ltd.
Mumbai – 51
Email:ganguli.sujit@icicibank.com