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Abu Dhabi Commercial Bank IFSC Code and MICR Code:

Abu Dhabi Commercial Bank state wise list of all branches, IFSC code, MICR code and Addresses within India

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Abu Dhabi Commercial Bank IFSC Code

About Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank (ADCB) is a leading and popular bank in United Arab Emirates. It comes with tagline as “Long life Ambition”. It was founded in 1985 as a public shareholding company with limited liability with the merger of three predecessor banks, they were Emirates Commercial Bank and Federal Commercial Bank with Khaleej Commercial Bank that were established in 1975. Its headquarters is located in Abu Dhabi, in United Arab Emirates.


The area served by this bank is United Arab Emirates, India and United Kingdom. It deals with products related financial services. Its net income stood at total assets worth approximately 148 billion. Its owner is the Government of Abu Dhabi but through the Abu Dhabi Investment Authority (ADIA) that hold nearly 65% share. In terms of shareholder funds and market capitalization, ADCB is one of the largest in the UAE. In 2013, its net profit was AED 3,620 MN when compared to AED 2,810 MN in 2012.


• Abu Dhabi Commercial Bank (ADCB) is a United Arab Emirates-based public joint stock company.
• It provides commercial, retail, investment, brokerage, merchant and fund management activities.
• In the United Arab Emirates, it comes with 48 branches.
• In India, it has 2 branches
• In the United Kingdom, it has one branch.


Abu Dhabi Commercial Bank IFSC Code and MICR code

It is to be noted that for all significant online transactions through NEFT, MICR and RTGS transactions, an IFSC code is very important
• IFSC means Indian Financial System Code, which is an 11 digit combination of alphabets and numerals that is actually issued by the RBI to all banks in order to identify the individual branch.
• NEFT means National Electronic Fund Transfer for immediate transaction.
• RTGS means Real Time Gross Settlement transfers between banks in real time basis within the specified time frame.
• On the other hand, MICR means Magnetic Ink Character Recognition that is mainly used in all banking sectors in order to facilitate cheque processing.


In online processing, all these are significant codes that are largely used, that, in turn, fasten online transaction. It is to be remembered that Abu Dhabi Commercial Bank IFSC code is an 11 digit alphanumeric characters that commences with the bank name, then a zero immediately followed by the branch code. It is to be noted that all ADCB (Abu Dhabi Commercial Bank) IFSC code begins with ADCB0******.


How to Search Abu Dhabi Commercial Bank IFSC and MICR code?

• It is important to keep in mind that for a hassle free transaction, you have to find Abu Dhabi Commercial Bank (ADCB) IFSC code and MICR code as per the requirement while dealing with online transactions and other banking activities.
• You can select table that indicates details of the desired bank, the state where it is located, district where it is situated and then its related branch code, IFSC and MICR codes with press button.
• The derived details and other information which appears can be used for your online business or transactional activities.


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Abu Dhabi Commercial Bank IFSC Code News:

MIDEAST SHARE INDEX: Qatar surged on emerging fund inflows, Gulf stocks up


On 9th August, 2016 Qatar’s major share index beat its competitors during early trading as emerging money market funds continue chasing for negotiations there. Doha’s major market index up 0.7% as 11 out of 12 Qatari stocks which are part of the Morgan Stanley Capital International coming up market indices moved ahead. National Bank & Petrochemical composite industries of Qatar rose 0.6% and 2.2 % respectively. Index performance of Dubai’s rose 0.3%, advanced by 0.9% due to profit in Properties of Emaar. Additionally, big-cap stocks also moved up & the most actively traded share on the stock exchange board- Dubai Parks & Resorts, added 0.6%. Index performance of Abu Dhabi’s moved up 0.1% on thin trading volume. Commercial Bank of Abu Dhabi edged up 0.2% whereas National Energy of Abu Dhabi which moved up 0.8 % on 8th August, 2016 moved back 1.9%.

Following fifteen minutes of trading the major index of Saudi Arabia moved up 0.1%. This was because of the petrochemical space which added 0.4%, moving to 4th consecutive session of profits. The Saudi Basic businesses surged up 0.6%. Stocks which exceed on 8th August moved back as investors continued to book profits. Dallah Health, Health care provider which closed up by 1.1% the previous day, moved down 1.4% the next day.

 

2016/08/11 11:18 AM

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