http://www.thehindu.com/business/Industry/tata-sons-inks-agreement-with-chinese-bank/article7941950.ece
Tata Sons and Industrial & Commercial Bank of China Limited (ICBC) have entered into a long-term partnership, under which ICBC will become a strategic banking partner to the Tata group for its businesses in several countries across continents, according to a statement from Tata Sons. A team of Tata executives, led by Chairman Cyrus P. Mistry, met with Jiang Jianqing, Chairman from ICBC to formalise the engagement.
Under the alliance, 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.
Global service team
ICBC will also create a global service team which will support Tata group’s strategic development plans.
“The alliance will be a global one,” according to the Tata Son’s statement
Comments