Apple chief Tim Cook visits ICICI headquarters, meets top management

The visit comes at a time when there is a huge speculation over how digital and telecom solutions are slated to dominate banking

A photo of Tim Cook stepping out of the Taj Mahal hotel in Mumbai (pic: Suryakant Niwate)
A photo of Tim Cook stepping out of the Taj Mahal hotel in Mumbai (pic: Suryakant Niwate)
Press Trust of India Mumbai
Last Updated : May 18 2016 | 7:43 PM IST
American technology giant Apple's chief executive Tim Cook today met ICICI Bank's top brass at the country's largest private sector lender's corporate headquarters.

Cook, whose every meeting is being closely watched for cues about Apple's business plans in India, walked into the ICICI Bank Towers in the Bandra Kurla Complex business district and spent over an hour, sources said.

He met the bank's managing director and CEO Chanda Kochhar and executive directors at a closed-door meeting, they said but refused to divulge what was discussed.

Also Read

ICICI Bank was among the first to introduce a banking application on the Apple Watch, even before the gadget got launched in the country.

Over the past few years, it has also introduced a slew of other initiatives on the digital front, including a digital wallet, just like the 'Apple Pay' by the tech giant.

Cook's meetings during the four-day maiden visit to India are mostly with top leaders of Indian business houses that offer some opportunity for Apple's businesses.

Early today, Cook met Anant Ambani, son of billionaire industrialist Mukesh Ambani of Reliance Industries group that is on the cusp of hitting the market with a high-speed 4G telecom network. Cook also met also Sunil Sood, who heads the country's second largest telco Vodafone India. Reports suggested he would also interact with the country's largest mobile operator Airtel's top-brass later.

The visit to ICICI Bank comes at a time when there is a huge speculation over how digital and telecom solutions are slated to dominate banking in the future, with experts saying that technology will change the face of a bank.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 18 2016 | 7:22 PM IST

Next Story