TSDL Finbank entered into the joint venture with ICICI Bank Limited to pursue Banking business in India

(Spin Digit Editorial):- New Delhi, Delhi Apr 7, 2022 (Issuewire.com) –                                                 TSDL FINBANK UK Limited partners with ICICI Bank

Brings online Trade Finance and banking solutions for Corporates & VCs on a single platform
Also enables regulatory body for bulk payment solutions & bizpay360

New Delhi: TSDL FINBANK UK LIMITED, a leading Scheduled Foreign Bank & Trade Hub Bank has
partnered with ICICI Bank, India’s largest private sector bank by consolidated assets, to offer
integrated trade finance and collateral management platform to Corporates, Micro, Small, and Medium Enterprise (MSME) customers, using TSDL FINBANK UK LIMITED X-net Trade.

Talking about the partnership, Mr. Anup Bagchi, Executive Director, ICICI Bank said,” ICICI Bank has always pioneered in bringing digital innovations and providing world-class banking experience to its customers. We are delighted to partner with TSDL FINBANK to bring forth an integrated trade finance solution that will offer MSMEs & Corporates unparalleled ease of doing business. The collaboration aims to promote the concept of ‘Connected Banking’ wherein we aim to get various banking functions such as  Letters of Credit (LC) Bank Guarantees / Performance Bonds (PB) Standby Letters of Credit (SBLC) Pre-advice Services (MT799) / Ready Willing and Able Letters (RWA). Virtual Accounts & Offledger Funds of ICICI Bank India Trading & Auction Blocked Funds Services Proof of Funds Letters Bank Comfort Letters Real Estate Fintech XTrade Domain Accounts Management as an intermediary of icici bank India Offshore banking services Correspondence banking services Money remittance services on a common platform. Additionally, it will enable businesses to initiate better Credit issuance digitally, and apply for funding for their companies. We will continue the model of co-creating to deliver innovative products and services to our customers.”

“This is a maiden tie-up between TSDL FINBANK and ICICI Bank, where we will provide integrated cloud-based trade solutions to small and medium enterprises and will address many of the complexities related to their import-export transactions. The customers just need to contact the Trade Team of TSDL BANK  SMEs and MSMEs in the country can now leverage the power of Integrated Banking, save time and increase productivity. We are happy and proud to be associating with ICICI Bank,” said Mr. Prathmesh Madival, MD, C.E.O TSDL FINBANK UK LTD.

About TSDL FINBANK UK Ltd: TSDL Was founded in 2021 IN LONDON and is the leading Trade finance solutions and collateral and off-ledger funds solution provider in India. It has always been a core part of TSDL’s vision to
provide an easy and affordable solution to Corporates, MSME India. TSDL FinBank holds a “Class A” international banking license from the Prudential Regulation Authority & FCA Regulatory Authority Of London, an associate partner of ICICI Bank India. More offices are scheduled to open in Frankfurt, Singapore, Dubai – U.A.E, ISTANBUL, ETC in 2021. works through a channel partner network and  STP (Straight Thru Processing) and trade finance solution and sells its products in more than 20 countries.

TSDL FINBANK just got funding from BEENEXT Fintech Investor of Euro 90 Million in London

Bank Valuation till 05-April-2022 is EUR 5 Billion

Subsidiaries of TSDL FINBANK

. GIV HOLDINGS SG PTE LIMITED

. GLOBAL INTELLECTUAL VENTURES PVT LTD

. TSDL FINBANCO DIGITAL PRIVATE LIMITED

. TSDL FINBANK LLC DUBAI

. FEDERAL AUTHORITY OF TRADE & TSDL FINANCE

About ICICI Bank: ICICI Bank Ltd (NYSE: IBN) is India’s largest private sector bank by
consolidated assets. The Bank’s consolidated total assets stood at US$ 172.5 billion at
March 31, 2018. ICICI Bank’s subsidiaries include India’s leading private sector insurance,
asset management, and securities brokerage companies, and are among the country’s largest
private equity firms. It is present across 17 countries, including India.
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