Foreign Banks In India: India is one of the fastest-growing economies in the world. As of now, there are 46 Foreign Banks in India in 2022. The list includes City Bank, Bank of America, Barclays Bank, DBS Bank, Standard Chartered Bank, Deutsche Bank, and others. There are a total of 45 International Banks in India which have around 300 branches mostly located in major cities of Indian states. In this article, we are going to discuss the Top Foreign Banks in India and other important details related to foreign banks.
What is Foreign Bank?
A Foreign Bank is a financial institution that provides financial services to international consumers from outside of its native country. A Foreign Bank branch is a sort of international bank that must comply with the laws of both its home and host countries. According to the Reserve Bank of India (RBI), there are now 46 Foreign banks in India as of 2022.
Foreign Banks And Their Headquarters
Candidates can check all foreign banks in India and their headquarters in the given table.
|Foreign Banks And Their Headquarters|
|Name of the Bank||Headquarter|
|AB Bank Ltd.||Dhaka, Bangladesh|
|Abu Dhabi Commercial Bank Ltd||Abu Dhabi, United Arab Emirates|
|American Express Banking Corporation||New York, United States|
|Australia and New Zealand Banking Group Ltd.||Melbourne, Australia|
|Barclays Bank Plc||London, United Kingdom|
|Bank of America||Charlotte, North Carolina, United States|
|Bank of Bahrain & Kuwait BSC||Manama, Bahrain|
|Bank of Ceylon||Colombo, Sri Lanka|
|Bank of China||Beijing, China|
|Bank of Nova Scotia||Toronto, Canada|
|BNP Paribas||Paris, France|
|Citibank N.A||New York, United States|
|Credit Agricole Corporate & Investment Bank||Paris, France|
|Credit Suisse A.G||Zürich, Switzerland|
|CTBC Bank Co. Ltd.||Nangang District, Taipei, Taiwan|
|DBS Bank India Limited||Singapore|
|Deutsche Bank||Frankfurt, Germany|
|Doha Bank||Doha, Qatar|
|Emirates Bank NBD||Dubai, United Arab Emirates|
|First Abu Dhabi Bank||Abu Dhabi, United Arab Emirates|
|FirstRand Bank Ltd||Johannesburg, South Africa|
|HSBC Ltd||London, England, UK|
|Industrial & Commercial Bank of China Ltd.||Xicheng District, Beijing, China|
|Industrial Bank of Korea||Jung-gu, Seoul, South Korea|
|J.P. Morgan Chase Bank N.A.||New York, USA|
|JSC VTB Bank||Moscow, Russia|
|KEB Hana Bank||Seoul, South Korea|
|Kookmin Bank||Seoul, South Korea|
|Krung Thai Bank Public Co. Ltd.||Watthana, Bangkok, Thailand|
|Mashreq Bank PSC||Dubai, United Arab Emirates|
|Mizuho Bank Ltd.||Chiyoda City, Tokyo, Japan|
|MUFG Bank, Ltd.||Chiyoda City, Tokyo, Japan|
|NatWest Markets Plc||London, United Kingdom|
|PT Bank Maybank Indonesia TBK||Senayan, Jakarta, Indonesia|
|Qatar National Bank (Q.P.S.C.)||Doha, Qatar|
|SBM Bank (India) Limited||Port Louis, Mauritius|
|Shinhan Bank||Jung-gu, Seoul, South Korea|
|Societe Generale||Paris, France|
|Sonali Bank Ltd.||Dhaka, Bangladesh|
|Standard Chartered Bank||London, England, UK|
|Sumitomo Mitsui Banking Corporation||Chiyoda City, Tokyo, Japan|
|United Overseas Bank Ltd||Singapore|
|Westpac Banking Corporation||Sydney, Australia|
|Woori Bank||Jung-gu, Seoul, South Korea|
Top Foreign Banks in India
Here, we are providing the list of all top foreign banks in india along with complete information about these banks.
Standard Chartered Bank
Standard Chartered Bank is a British multinational banking and financial services firm headquartered in London, England. According to the Reserve Bank of India, Standard Chartered Bank is one of the largest foreign banks located in India.
Bank of America
Bank of America is one of the top foreign bank in India, the bank support international transaction between India and America. Its headquarter is located in the USA.
City Bank is a subsidiary of Citigroup, a new-york based international financial services corporation. City Bank is a foreign bank with a presence in India that offers a broad range of services. It’s Indian headquarter are in Mumbai, Maharashtra.
The headquarter of DBS Bank is located in Singapore. it is a Singaporean multinational banking and financial services organization. with its global strength, the bank has managed to get a spot among the world’s 15 safest banks in the world.
HSBC was founded in London in 1991 by the Hongkong and Shanghai Banking Corporation, it is Europe’s second-largest bank. It has over 50 branches in India and serves a customer base of over 1 lakh people. Its Indian headquarter is located in Mumbai.
Deutsche bank is a leading German bank with strong European roots and a global network. This is newly created in 2019, a leading foreign bank, focused investment bank, and asset management.
Do Foreign Banks in India Issue Credit Cards?
Yes, the Foreign Banks in India which have followed the regulations of RBI can spread their banking features to Indian customers, and they do offer Credit Card, Debit Card and other banking services as per their business strategy.
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FAQs: Foreign Banks In India
Q1. What is Foreign Bank?
Ans. A Foreign Bank is a financial institution that provides financial services to international consumers from outside of its native country. A Foreign Bank branch is a sort of international bank that must comply with the laws of both its home and host countries
Q2. Which is the largest Foreign Bank In India?
Ans. The largest foreign bank in India is Standard Chartered bank, this is a UK-based bank. Standard Chartered Bank currently has 100 branches in India.
Q3. How many Foreign Bank in India?
Ans. According to the Reserve Bank of India (RBI), there are now 46 Foreign banks in India as of 2022.
|Current Affairs April 2022|