ICICI Bank, India's largest private sector bank, has launched its second retail branch in Hong Kong in a bid to tap non resident Indians in the city-state.

The new branch is located at Shop 102-103, Level 1, Chuang’s Tower, 30-32 Connaught Road, Central - the heart of the financial centre in Hong Kong.

It will provide Hong Kong residents and non-resident Indians products and services like term deposits, current accounts, remittance services and NRI services. The branches will act as gateways for companies in this region wanting to do business in India and Indian companies wanting to expand abroad.

In Hong Kong, ICICI Bank was granted a banking license on October 10, 2005 by the Hong Kong Monetary Authority. In July 2012, the Hong Kong Monetary Authority approved the commencement of a second branch.