Home » First and Only Chinese Mainland Bank in India

First and Only Chinese Mainland Bank in India

First and Only Chinese Mainland Bank in India

Industrial and Commercial Bank of China Limited, Mumbai Branch (Hereinafter referred to as ¨the Branch¨) is the first and only representative of Chinese mainland banks in India and was granted the final license by Reserve Bank of India on May 16, 2011.

On September 15, 2011, the Branch started its operations in Mumbai, India´s economic and financial center along with the grand opening ceremony.

Complied with the full license, the Branch engages in comprehensive banking business, including Corporate Banking, Retail Banking and Investment Banking, and will dedicatedly serve its valued clients and comprehensively provide a package of financial services.

As the regional headquarter of ICBC in India, the Branch currently conducts its business covering all area of India and will explore business opportunities with the other countries of South Asia maintained trade relationship with India. As of now, the Branch has been devoting to support the Chinese customers, as well as the local Indian customers and has gradually stepped into various sectors, such as electricity-power equipments manufacturing, heavy equipments manufacturing, telecommunication devices supplying, automobile manufacturing, electricity transmission and transformation, chemical engineering, steel manufacturing, pharmacy, cotton exporting and non-banking financial institutions, etc. By feat of quick expansion of bilateral trade between China and India and closer cooperation within BRICS members, the Branch will continuously strive to provide a full range of best-quality, convenient financial services to local clients, set up a positive image of ICBC to cater to its internationalization progress and promote the economic and social development between China and India.

Strong Capabilities of Catering to All Customers Full Banking License The Branch can provide diversified and integrated banking services to corporate customers, individual customers and financial institutions with its full-functioned banking license.

Comprehensive Financial Products
– Corporate Banking

Deposit: Current deposit, Term deposit
Remittance: General remittance, Express remittance
International Settlement: Import L/C, Export L/C, Inward and outward collection and various guarantee
Financing: Project loan, Syndicated loan, Working capital loan, Merger loan, Trade finance (Import bill purchasing, Import financing by T/T, Import financing, Delivery against bank guarantee, Endorsement of bill of lading, Packing loan, Export bill purchasing, Export bill discount, Export invoice financing, International factoring, Forfaiting)
Treasury Business: Agent forex trading for customers, Agent financial derivatives trading for customers (Forex forward, Swap)

– Retail Banking
Deposit: Current deposit, Term deposit
Remittance: General remittance, Express remittance, Pre-settlement remittance
Others: Foreign currency exchange, Cheque, Bank certificate

Competitive Pricing
Compared with local peer banks, the Branch can offer more competitive interest rate and fee rate for high-quality customers

Easy Contact for Any Financial Demands
Office Address: Industrial and Commercial Bank of China Limited, Mumbai Branch
Level 1, East Wing, Wockhardt Tower,
C-2, G Block, Bandra Kurla Complex,
Bandra (E), Mumbai 400 051
Tel: 0091-22-33155999
Fax:0091-22-33155900
E-mail: icbcmumbai@india.icbc.com.cn

Comments

Leave a Reply

Your email address will not be published.