Just In
Don't Miss
-
India vs England: Axar Patel picks up second consecutive fifer in Pink Ball Test, claims unique feat -
Royal Enfield Bullet 350 Price Increase Announced Again: Here Is The Complete Price List -
What To Know About Buruli Ulcer, A Flesh-Eating Disease Spreading In Australia -
From flashy diamantaire to fugitive: Nirav Modi's long road to extradition in PNB scam -
10 Best Places To Visit In Himachal Pradesh In March -
Vivo X60 Receives Indonesia Telecom, BIS Certifications; Launch Expected Soon -
Sushmita Sen Confirms Aarya 2, Says ‘Your Wish Is Our Command' -
Assam Sericulture Admit Card 2021 Released, Download Grade 4 Hall Ticket At sericulture.assam.gov.in
ICICI Bank to offer quick loans, discounts to Alibaba members
ICICI Bank has entered into a partnership with the largest online marketplace Alibaba.Com, under which small businesses who are members of the Chinese e-commerce major can avail of faster loans, reported PTI.
"We believe this access to quick and integrated banking will enable Indian entrepreneurs to propel their business on the global platform," ICICI Bank executive director Rajiv Sabharwal said in a statement.
"Alibaba.Com expects to offer access to various financing, credit and logistics services provided by ICICI Bank for our Indian customers," the portal's channels director Bhushan Patil said, adding customers will get better rates and discounts for availing of the products.
The statement, however, did not mention the number of businesses from India who are registered on the portal and potentially stand to benefit.
According to reports, Alibaba has been keen to deepen its presence in the country, including through acquisitions.
