IFSC code for Rtgs-ho Branch of Mizuho Corporate Bank Limited in Mumbai, Maharashtra is MHCB0000532. IFSC codes in India are used for uniquely identifying a bank branch for online transfer of money using NEFT or RTGS system operated and managed by Reserve Bank of India. The Rtgs-ho Branch of Mizuho Corporate Bank Limited is enabled for NEFT transfers and you can transfer money to all savings accounts and current accounts in Rtgs-ho Branch of Mizuho Corporate Bank Limited using online banking or by visiting your bank branch from anywhere in India. NEFT transfer is done in batches by RBI so it takes around 1-4hrs of time to receive the money (if the transfer initiation is done during the business hours, else it is initiated next business day).
Bank
Mizuho Corporate Bank Limited
Branch
Rtgs-ho Branch
IFSC Code
MHCB0000532
MICR Code
400694002
Bank Type
Foreign Bank
Address
Maker Chamber Iii, First Floor, Nariman Point
City
Mumbai
District
Mumbai, Maharashtra
Phone Number
22886638
Important Note: NEFT system in India only takes IFSC code and Account Number into consideration while completing the transfer of money. All other fields such as account holder name etc are ignored. So, make sure, you use the correct IFSC code and account number else money may be transferred to a wrong account and it might be impossible to get back the money.
About Mizuho Corporate Bank Limited
Mizuho Corporate Bank Limited is a Foreign Bank in India. It has over 5 branches with more than 210 employees. The Bank generated a business of Rs.419.78 lakh per Employee in 2011-2012 financial year with the profit per employee of Rs. 9.99 lakh.
You can get more information about Mizuho Corporate Bank Limited at their official website - http://www.mizuhocbk.co.jp/
Other Information
Ratios
Financial Ratios
Foreign Banks Avg
All Banks Avg
NIM
5.61
3.89
2.79
CoF
2.06
4.05
6.12
Return on Adv
4.76
5.50
4.21
ROE
4.94
11.52
13.84
ROA
3.90
1.94
1.03
CRAR
48.11
17.88
13.88
NPARatio
1.59
1.01
1.68
Analysis of Financial Ratios
NIM (Net Interest Margin): Net interest margin (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their (interest-earning) assets. Thus, it also has high correlation to interest spread and thus impacts profitability of the bank. NIM of Mizuho Corporate Bank Limited is 5.61 which is greater than average NIM of all foreign banks as well as greater than average NIM of all banks in India. This indicates that the bank is doing well among all PSBs and also performing well among all other banks.
COF (Cost of Funds): Cost of funds for a bank is the average interest rate paid to depositors on financial products such as savings account, current account, and fixed deposits etc. Lower CoF is better for banks as it will increase profitability. COF of Mizuho Corporate Bank Limited is 2.06 which is better than the average among foreign banks as well as better than average CoF of all banks.
Return on Advances: Return on advances indicates the average interest rate at which the bank lends money to the borrowers. Higher return of advances is better for higher profitability of the bank (however, higher interest rates also indicate risky assests). So this ratio should be read along with NPA Ratio for better understanding about the bank.
Return on Equity (ROE): Return on equity is the measure of bank's profitability. Higher the better. [RoE = Net Profit / Total Equity].
CRAR: Capital to Risk-Weighted Assets Ratio (also known as Capital Adequacy Ratio is the ratio of bank's capital to its risk. This ratio is also monitored by RBI for all banks and higher value indicates higher stability for a bank. CRAR of Mizuho Corporate Bank Limited is 48.11 which is better than group average among foreign banks and also better than average CRAR of banks.
NPA Ratio: Non Performing Assets refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non-performing asset. Thus, NPA Ratio = [Non Perforing Assets/Total Assets]. Higher NPA Ratio indicates riskiness of the bank and losses as it may result in write downs. If you are investing in a bank, be aware to check this ratio carefully. NPA Ratio of Mizuho Corporate Bank Limited is 1.59 which is higher than average NPA of foreign banks but it is lower than average NPA for all banks which is a good sign.
IFSC Codes are used for initiating money transfer through NEFT or RTGS. This code uniquely identifies the bank branch where the receiver of the funds has his/her account. IFSC code is a 11 character alpha-numeric code assigned to each bank branch by RBI in India.
NEFT Online Transfer: NEFT is the most cost effective and secure way of account to account money transfer in India. It usually takes around 1-4hrs to receive the money using NEFT.
NEFT Timings:
Monday-Friday:
8am to 7pm
Saturday:
8am to 1pm
Sunday:
Closed
Note: Any transfer made outside the time limit will be initiated on the next working day.
NEFT Fees:
Up to Rs.10,000
Rs.2.50 + Service Tax
Rs.10,000 to Rs.1 Lakh
Rs.5.00 + Service Tax
Rs.1 Lakh to Rs.2 Lakh
Rs.15.00 + Service Tax
Rs. 2 Lakh Onwards
Rs.25.00 + Service Tax
Note: This is the maximum fees which a bank can charge. Actual charges can be lower.
Find IFSC Codes: IFSC code for a bank branch can be located on the cheque book or the pass book issued by the branch. You may also search our website to find the ifsc code for branches of all banks in India.
