The country’s largest private sector lender ICICI Bank has informed that it has entered into an agreement with BSNL Cell One to enable the latter's customers pay their bills through ICICI Bank's Web site.

Under the facility, the subscriber will be able to view their billing details on the Internet and pay accordingly by clicking a button. Their account will be debited for the billing amount and the proceeds shall be remitted to the BSNL.

ICICI Lombard, Country's second-largest health insurer, is partnering with US-based UnitedHealth Group, to provide health insurance products to Indian travelers.

Under the agreement, any of ICICI Lombard's 1.6 million policyholders traveling to the US will get access to UnitedHealthcare's preferred provider network as well as medical management and organized resources that align to their health needs.

In the sub prime crisis, ICICI Bank has lost $264 million (Rs 1056 crore) till Jan 2008, because of its exposure to credit derivates and investments out of the country.

In a written reply to a query in Parliament, Pawan Kumar Bansal, Minister of state for finance stated that the country’s largest private banking institution had reported the market-to-market (MTM) loss following the sub prime mortgage crisis

The bank also cleared that the investment losses as a result of unfolding global subprime crisis could erase around 9% of this year’s profit.

ICICI Bank, India's largest private sector bank, has once again taken giant step to boom in the banking sector.

The bank has opened its first branch in the United States at posh midtown New York with the view to provide services to US employees of large Indian companies like Infosys and Tata Consultancy Services there.

Mr. K V Kamath Managing Director and CEO of ICICI bank said, “New York has the deepest pool of capital, and by operating here, we will grow our business.”