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The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.
For example, 0260-0959-3 is the routing number for Bank of America incoming wires in New York, with the initial "02" indicating the Federal Reserve Bank of New York. 21 through 32 were assigned only to thrift institutions (e.g. credit unions and savings banks) through 1985, but are no longer assigned (thrifts are assigned normal 01–12 numbers).
Union Bank of India, commonly referred to as Union Bank, is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers and a total business of Rs.21,36,405 crores as of 30 June 2024. [ 7 ]
Union Bank or Unionbank may refer to: Unionbank (Austria) , an Austrian bank active created in 1870, merged into Allgemeine Bodencreditanstalt in 1927 Union Bank (Albania)
4 letters: institution code or bank code. 2 letters: ISO 3166-1 alpha-2 country code (exceptionally, SWIFT has assigned the code XK to Republic of Kosovo, which does not have an ISO 3166-1 country code) 2 letters or digits: location code if the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.
Commerce Union Bank Sovran Financial Corp. Bank of America: 1987 NBD Bancorp: State National Corporation: NBD Bancorp: $103 million JPMorgan Chase: 1987 U.S. Bancorp: Peoples National Bank of Washington U.S. Bancorp: U.S. Bancorp: 1987 First Union Corp. Atlantic National Bank of Florida First Union Wells Fargo: 1988 Bank of New York: Irving ...
In 1914, Kaspare Cohn founded Kaspare Cohn Commercial & Savings Bank in Los Angeles.It was renamed Union Bank & Trust Company of Los Angeles in 1918. Harry Volk was recruited from Prudential Insurance Company as the bank's new CEO in 1957 and pioneered the use of the one-bank holding company, [1] among other banking innovations.
The bank was initially named Kumbakonam Bank Limited, and was incorporated on 31 October 1904. The bank preferred the role of a regional bank in the Thanjavur district of Tamil Nadu . In FY 2022 the bank had a market capitalization of ₹ 93.62 billion (US$1.1 billion) and operated 774 branches, and 1762 ATMs.