• search

ONGC takes ICICI Bank on board

Written by: Staff
|

New Delhi, Apr 19: Oil and Natural Gas Corporation Ltd. (ONGC) has approved parallel banking arrangement with ICICI Bank Ltd. Till now State Bank of India (SBI) had been the sole banker of ONGC.

The parallel banking arrangement has been cleared by ONGC Board in its meeting held on 12th April, 2006, to obtain the benefits of competitive customer service from the two top banks in the country.

ONGC leads all Indian Corporates, whether in Public or Private sector, in Net Profits, Net Worth and Market Capitalisation.

While ONGC is a zero debt company, the aggressive plans for capital investments and mergers and acquisitions in India and abroad require association with equally resourceful banks.

UNI

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more