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Industrial and Commercial Bank of China Limited is a Chinese multinational banking company headquartered in Beijing, China. It is the largest bank in China and one of China’s Big Four state-owned commercial bank. The bank was listed on both Shanghai Stock Exchange and Stock Exchange of Hong Kong Limited. It is the world’s largest bank by total assets and the first Chinese bank to achieve such a feat.
The bank provides a comprehensive range of financial products and services to ,7 thousand corporate customers and 7 million personal customers. It operates through Cooperate Banking, Personal Banking, and Treasury Operation segments. Corporate Banking segment provides banking solutions to corporations, government agencies, and financial institutions. Personal Banking segment offers personal loans and cards, deposits, personal wealth management, and personal intermediary services to individual customers. The Treasury Operations segment deals in the money market transactions, investment securities, and foreign exchange transactions, as well as holding of derivative positions.
Cooperate Banking S personal loans and cards, deposits, Personal wealth management Treasury Operation segments Personal Banking
IFSC code is used for hassle-free and convenient online or electronic fund transfer from one bank account to another via NEFT, RTGS and NEFT.
Helps uniquely identify a specific bank and its branch, helping customers to transfer funds to the right bank account.
IFSC Code enables customers to execute an online transfer of funds securely, hence eliminating the chances of any fraudulent activity in the fund transfer process.