The second-largest private-sector lender, ICICI Bank, improved its market share in Exim business transactions this fiscal year and aims to grow it further as the country’s exports increase, a senior official said on Tuesday. The bank’s market share in Exim commerce grew to 7.5% of total flows in the September quarter, from 6% in FY21, the press told reporters on Executive Director of the Lender, Vishakha Mulye.
Mulye declined to share the goals the bank has set for itself from the new platform and mentioned that they are shared internally and very ambitious. Exporters and importers will have access to verified details of nearly 15 million global buyers and sellers in 181 countries on the platform, the lender said.
First publication: STI