With this partnership, the bank's Non-Resident Indian (NRI) customers who also bank with SBI can now avail themselves of the fastest remittance service in the UAE more easily.
The remittance service allows money transfers in 60 seconds to the beneficiary's account through the DirectRemit platform, it said
The tie up with Emirates NBD enables customers to transfer funds to account holders of ICICI Bank in India within a minute through the DirectRemit service.
IIM Calcutta alumnus Suvo Sarkar, Emirates NBD General Manager for Retail Banking and Wealth Management, was awarded at the Asian Banker Excellence in Retail Financial Services Awards 2015 recently held in Singapore.