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International Banks in India,
Foreign banks in India: It is now a well-established fact that India is one of the rapidly growing economies of the world. Hence, it didn’t come as a surprise when India received the highest Foreign Direct Investment (FDI) to date, from April to September 2020, amounting to a whopping $500.12 billion. As one might expect, this boom in the economy has led to the unequaled growth of existing as well as new financial institutions in the country. As a matter of fact, as many as 46 foreign banks are operational in India in 2023.
What is Foreign Bank?
A foreign bank is a bank that is established in one country but operates in another country. It offers various financial services such as taking deposits, giving loans, and investment banking to customers in the country where it operates. It may have a physical presence, like a branch or subsidiary, or operate remotely through online banking services.
Foreign banks can help facilitate international trade and investment, but they are also regulated and supervised by the country where they operate to prevent potential risks like destabilizing the domestic financial system or engaging in illicit activities.
How many foreign banks in India?
There are a total of 46 foreign banks in India as of now as per the RBI. The list includes American Express Banking Corporation, Barclays Bank Plc, Bank of America, Bank of Bahrain & Kuwait BSC, Citibank N.A, Deutsche Bank, DBS Bank India Limited, Emirates Bank NBD, HSBC Ltd, Industrial & Commercial Bank of China Ltd., Standard Chartered Bank, and others.
List of Foreign Banks in India 2023: Foreign Banks And Their Headquarters (International bank list)
| List of Foreign Banks in India: 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 |
| Rabobank | Utrecht, Netherlands |
| 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 |
| Sberbank | Moscow, Russia |
| 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 |
List of Foreign Banks in India
1. Citi Bank
Citibank, formerly known as City Bank of New York, is a multinational bank with its roots in New York (USA) from as early as 1812. Citibank India was established back in the year 1902, with the objective of offering various banking, investment, and advisory services, complete with risk management solutions and transaction facilities. Serving over 25 Lakh customers across the nation, the bank carries out its operations through as many as 43 branches and 750 ATMs. With Mr. Ashu Khullar as its CEO, the bank now employs over 7,500 people in India.
2. HSBC India
HSBC Bank India is a subsidiary of the Hong Kong and Shanghai Banking Corporation. The Indian subsidiary headquartered in Mumbai offers many services including but not limited to retail banking, personal banking, debit and Credit Cards, loans, as well as foreign exchange amongst others. With more than 24 branches across the nation, the bank is well-known for offering India its first ATM, back in the year 1987.
3. Deutsche Bank
As the name suggests, the Deutsche Bank has its roots in Frankfurt, Germany. The Indian subsidiary of the bank was established in the year 1980 in the financial capital of the country – Mumbai! Today, the bank enjoys as many as 17 branches across the country with a respectable customer base of 5 Lakh. Offering all the elementary banking services, the bank employs as many as 11,000 people.
4. Royal Bank of Scotland (NatWest Markets PLC)
The Royal Bank of Scotland was setteled in India in the year 1921 with the aim of offering a wide arrange of banking services. The bank, fairing amongst the best foreign banks in India, currently operates in the country through its 10 branches, strategically located in the leading metropolitan cities and offers debt capital market services, financial advisory as well as foreign exchange services amongst many others. In a recent change, it was announced that the bank’s Indian subsidiary shall now be known as NatWest Markets PLC.
5. DBS Bank
Basically a subsidiary of the Development Bank of Singapore, DBS was established with the precise objective of encouraging financial interaction between India and Singapore. Founded in the year 1994, the bank’s Indian headquarters are located in Mumbai. With as many as 12 branches in India, DBS Bank offers personal and Business Banking Services, complete with Wealth Management.
6. Barclays Bank
Avail oneself of a strong presence in India since the year 1990, the UK based Barclays PLC employs over 23,000 people in its banking, technology, and shared services verticals. Headquartered in Mumbai, the bank has as many as 7 branches across the Country. Some of the leading services offered by the bank include- Commercial Banking, Loans, Credit Cards, and Treasury Solutions amongst others.
7. Bank of America
Yet another foreign bank that like its headquarters in the city of Mumbai, the Bank of America, as the name suggests, finds its origins in the USA. With a total of 5 branches in India, the bank does an excellent job of supporting the international transactions between India and America. Established back in the year 1964, the bank has be the test of time with over 5 decades of offering numerous services to its patrons.
8. Bank of Bahrain and Kuwait
With its source in the Middle East, the Bank of Bahrain and Kuwait was founded in the year 1971, in Bahrain. It was in the year 1986 that the bank was brought to India, in a bid to serve both –Residents as well as Non-Resident Indians. Today, the bank has of 4 branches in the country, located in Mumbai, Hyderabad, Aluva (Kerala) and New Delhi.
9. Doha Bank
Established entirely recently, in the year 2014, Doha Bank has shown incredible promise. Originally headquartered in Qatar, the bank like a strong presence in India through its 3 branches in the cities of Mumbai, Chennai, and Kochi. The bank is known for offering a wide array of services including Corporate Banking, NRI Banking, Personal Banking, Loans, Trade Services as well as Foreign Exchange amongst others.
FAQs on Foreign Banks In India
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How many foreign banks are in India?
Ans: 45 international banks
A total of 45 international banks operate in India, with most of their roughly 300 branches concentrated in the country’s largest cities. -
Which is the largest foreign bank in India?
Ans: The largest foreign bank in India is Standard Chartered, a UK based bank. Standard Chartered Bank currently has 100 branches in India.
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How many International banks in India?
Ans: At present, there are total 46 international banks in India.
We hope that Foreign Banks In India this article is useful for you, For any further information regarding the bank exams, their syllabus, and other preparation tips, candidates can turn to Dream Big Institution for assistance.
