The Mumbai Branch of Industrial and Commercial Bank of China (Hereinafter referred to as “the Branch”) is the first branch in India, it officially entered the Indian banking industry as the first representative of Chinese mainland banks and was granted the final license by Reserve Bank of India on May 16, 2011. Complying with the full license, the Branch engages in comprehensive banking business, including Corporate Banking, Retail Banking, and Investment Banking. As the banking business platform in India, the Branch will dedicatedly serve its valued clients, and comprehensively provide a package of financial services.
Industrial and Commercial Bank of China is now worldwide well-known as one of the largest banks in China as well as the top one global bank in terms of tier-one capital. Through its continuous endeavor and stable development, the Bank has developed into the top large listed bank in the world, possessing an excellent customer base, a diversified business structure, strong innovation capabilities and market competitiveness. The Bank has its presences across six continents, and its overseas network has expanded to 40 countries and regions. The Bank provides comprehensive financial products and services to 4,735 thousand corporate customers and 432 million personal customers by virtue of the distribution channels consisting of 17,245 domestic institutions, 329 overseas institutions and 1,903 correspondent banks worldwide, as well as through its E-banking network comprising a range of internet and telephone banking services and self-service banking centers, forming an internationalized and information-based trans-market operating structure focusing on commercial banking business. In 2013, Industrial and Commercial Bank of China ranked in the 1st place among Top 1000 World Banks by British The Banker, became the largest enterprise in the world among Top 2000 Global Companies by US magazine Forbes and was selected as one of Global Systematically Important Banks for the first time.
The Branch will, on the basis of its leading market position, high-quality client base, diversified business structure, strong innovation ability and remarkable brand value, comprehensively serve all of the Sino-Indian corporations and individuals, and will contribute to build a bridge connecting economy and trade between China and India by making full use of the first-mover advantage and good opportunities emerging from ever-deepening economic relations and ever-increasing bilateral trade activities.
DECLARATION: A license authorizing the bank to carry on banking business has been obtained from RBI in terms of Section 22 of the Banking Regulation Act, 1949. It must be distinctly understood, however, that in issuing the license, the RBI does not undertake any responsibilities for the financial soundness of the bank or for the correctness of any of the statements made or opinions expressed in this connection.