Monday, January 4, 2016

ICBC to become Tata Group’s banking partner

Industrial & Commercial Bank of China Ltd (ICBC) has joined hands with Tata Group to become its strategic banking partner.
  • ICBC will provide the Tata group with financing products, global cash management, consulting, international trade finance business, investment banking, foreign exchange, derivatives trading, and other global financial services.
  • This alliance will be a global one with the geographies covered including India, China, Singapore, Europe, the USA, and South America.
Key points:
  • Tata Sons Chairman : Cyrus P. Mistry

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