Foreign Banks in India do make a share of 7% in the total Indian Banking Sector, whereas giving a profit of 11% to the Indian economy. There is only a 1% branch network of Foreign Banks in India, as they are mostly niche players by focusing more on trade finance, wholesale lending, external commercial borrowing, treasury service, and investment banking.
As per the Reserve Bank of India, Foreign Banks in India are present with two cardinal principles: reciprocity. The other is a single mode of presence, and the essential requirement is to meet 5 million capital as the minimum mark for business in India.
Reciprocity Foreign Banks in India
These banks are given full national treatment in Indian boundaries if their foreign national does allow Indian Banks to open their branches with free hands and limited restrictions as per their laws.
Single Mode of Presence Foreign Banks in India
These banks are under the Reserve Bank of India regulation, as RBI allows either the branch mode or wholly-owned subsidiary, and this Single Mode of Presence Banks are significantly less in India but manage their customers with profitable transactions giving adequate capital as guided by RBI regulations.
Foreign Banks in India
|S. No.||Foreign Sector Bank||Bank Website|
|1||AB Bank Limited||abbl.com|
|2||Abu Dhabi Commercial Bank Ltd.||adcbindia.com|
|3||American Express Banking Corp. (AEBC)||americanexpress.com/india/homepage.shtml|
|4||ANZ Banking Group Ltd.||anz.com|
|5||Bank of America N.A.||bankofamerica.com|
|6||Bank of Bahrain & Kuwait BSC||bbkonline.com|
|7||Barclays Bank Plc||barcap.com|
|10||Cooperatieve Rabobank U.A||rabobank.com/india|
|11||Credit Agricole Corporate And Investment Bank||ca-cib.com|
|12||Credit Suisse AG||credit-sussie.com/in /on/investment-banking|
|13||CTBC Bank Co Ltd||N/A|
|14||DBS Bank India Ltd||dbs.com|
|15||Deutsche Bank AG||db.com|
|17||Emirates NBD Bank (P.J.S.C)||emiratesnbd.co.in|
|18||First Abu Dhabi Bank PJSC||bankfab.com/en-in|
|19||FirstRand Bank Ltd||firstrand.co.za|
|20||Industrial and Commercial Bank of China Ltd. (ICBC)||icbcindia.com|
|21||Industrial Bank Of Korea||N/A|
|22||J P Morgan Chase Bank, N.A.||jpmorgan.com|
|23||JSC VTB Bank||vtb.com|
|24||KEB Hana Bank||N/A|
|26||Krung Thai Bank Public Company LTD||ktb.co.th/th/content/others/foreign-location-detail|
|28||Mizuho Bank Ltd.||mizuhocbk.co.jp/english|
|29||MUFG Bank Ltd||mufg.jp/english|
|30||National Australia Bank (NAB)||nationalaustraliabank.com nabindia/en/home|
|31||PT Bank Maybank Indonesia TbK||N/A|
|32||Qatar National Bank Q P S C.||qnb.com|
|34||SBM Bank (India) Ltd.||sbmgroup.mu|
|37||Sonali Bank Ltd.||sbl.in|
|38||Standard Chartered Bank||standardchartered.com|
|39||Sumitomo Mitsui Banking Corporation||N/A|
|40||The Bank of Nova Scotia||scotiabank.com|
|41||The Hongkong & Shanghai Banking Corporation Ltd.||hsbc.co.in|
|42||The Royal Bank of Scotland N V||rbs.in|
|43||United Overseas Bank Limited||uobgroup.com|
|44||Westpac Banking Corporation||N/A|
How Many Foreign Banks in India?
There are 45 Foreign Banks in India, which have around 300 branches, mostly located in major cities of Indian states.
Which are the largest Foreign Banks in India?
The Standard Chartered Bank from London is the largest in India with its 100 branches. This Foreign Bank does offer credit cards, Online banking, personal banking to Indian customers with RBI regulation and is India’s Largest international Bank.
Is the State Bank of India an International bank?
State bank of India is the largest Bank in India with having operation offices in foreign countries. SBI has a network of 600 corresponding banks worldwide, and there are no restrictions for SBI customers to receive or send money from any international bank. Thus the network and its nationalization make it eligible to earn as an International Bank with Indian regulations.
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.