As per the alliance all the mission critical IT applications of ICICI are being structured on BEA platform. This will facilitate the faster deployement of all ICICI operations of single window clearances for its customers.

According to Mr S Srikanth Rao, country manager, BEA systems India, based on BEA plateform of e-commerce transaction the 30,000 the phone banking customers of ICICI will be benefitted on accounts of enhanced efficiency of telebanking.

With this alliance, ICICI, can now leverage BEA transaction platform for going one step further than Internet trading. "In fact, ICICI can now provide a platform for settlement of the trade transactions in cash or shares too" Mr Srikanth told The Financial Express.