Foreign Banks in India : India being one of the fastest growing economies, is an attractive destination for Foreign Banks in India. There are a total of 45 Foreign banks functioning in India currently which includes City Bank, Bank of America, Barclays Bank, DBS Bank, Standard Chartered Bank, Deutsche Bank, and others. In this article, we are going to discuss about the Top Foreign Banks in India and other important details related to Foreign banks.
What is a Foreign Bank?
Foreign banks are registered and have their headquarters in another country, but they have branches in some other country for eg. City bank which is a foreign bank, has branches in India. A foreign bank branch is a type of foreign bank that is required to follow both the home and host country’s regulations.
Foreign Banks in India List 2022
| Name of the Bank | Headquarter | Number of Banking Branches |
| AB Bank Ltd. | Dhaka, Bangladesh | 1 |
| Abu Dhabi Commercial Bank Ltd | Abu Dhabi, United Arab Emirates | 1 |
| American Express Banking Corporation | New York, United States | 1 |
| Australia and New Zealand Banking Group Ltd. | Melbourne, Australia | 3 |
| Barclays Bank Plc | London, United Kingdom | 3 |
| Bank of America | Charlotte, North Carolina, United States | 4 |
| Bank of Bahrain & Kuwait BSC | Manama, Bahrain | 4 |
| Bank of Ceylon | Colombo, Sri Lanka | 1 |
| Bank of China | Beijing, China | 1 |
| Bank of Nova Scotia | Toronto, Canada | 2 |
| BNP Paribas | Paris, France | 5 |
| Citibank N.A | New York, United States | 35 |
| Corporative Rabobank | Utrecht, Netherlands | 1 |
| Credit Agricole Corporate & Investment Bank | Paris, France | 5 |
| Credit Suisse A.G | Zürich, Switzerland | 1 |
| CTBC Bank Co. Ltd. | Nangang District, Taipei, Taiwan | 2 |
| DBS Bank India Limited | Singapore | – |
| Deutsche Bank | Frankfurt, Germany | 17 |
| Doha Bank | Doha, Qatar | 3 |
| Emirates Bank NBD | Dubai, United Arab Emirates | 1 |
| First Abu Dhabi Bank | Abu Dhabi, United Arab Emirates | 1 |
| FirstRand Bank Ltd | Johannesburg, South Africa | 1 |
| HSBC Ltd | London, England, UK | 26 |
| Industrial & Commercial Bank of China Ltd. | Xicheng District, Beijing, China | 1 |
| Industrial Bank of Korea | Jung-gu, Seoul, South Korea | 1 |
| J.P. Morgan Chase Bank N.A. | New York, USA | 4 |
| JSC VTB Bank | Moscow, Russia | 1 |
| KEB Hana Bank | Seoul, South Korea | 2 |
| Kookmin Bank | Seoul, South Korea | 1 |
| Krung Thai Bank Public Co. Ltd. | Watthana, Bangkok, Thailand | 1 |
| Mashreq Bank PSC | Dubai, United Arab Emirates | 1 |
| Mizuho Bank Ltd. | Chiyoda City, Tokyo, Japan | 5 |
| MUFG Bank, Ltd. | Chiyoda City, Tokyo, Japan | 5 |
| NatWest Markets Plc | London, United Kingdom | 1 |
| PT Bank Maybank Indonesia TBK | Senayan, Jakarta, Indonesia | 1 |
| Qatar National Bank (Q.P.S.C.) | Doha, Qatar | 1 |
| Sberbank | Moscow, Russia | 1 |
| SBM Bank (India) Limited | Port Louis, Mauritius | – |
| Shinhan Bank | Jung-gu, Seoul, South Korea | 6 |
| Societe Generale | Paris, France | 2 |
| Sonali Bank Ltd. | Dhaka, Bangladesh | 2 |
| Standard Chartered Bank | London, England, UK | 100 |
| Sumitomo Mitsui Banking Corporation | Chiyoda City, Tokyo, Japan | 3 |
| United Overseas Bank Ltd | Singapore | 1 |
| Woori Bank | Jung-gu, Seoul, South Korea | 3 |
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Advantages of Foreign Banks
- Foreign bank branches tend to be more effective in countries with high taxes and nations where it is easy for international firms to enter the market.
- Foreign Banks may bring new advance technologies to the host countries.
- Entry of Foreign Banks in the host country increases competition which can have a positive impact on overall banking sector.
- Significant contribution is made by foreign banks in the host banks.
Disadvantages of Foreign Banks
- Foreign bank branches may face special difficulties during an economic or political crisis
- Foreign Banks operating in a particular country may get affected by the events happening in the host country.
- In the times of crisis, a government is likely to support only the domestic banks.
This is all from our side in this Blog. Stay tuned to Oliveboard 😀
Foreign Banks in India MCQs
Foreign banks are registered and have their headquarters in another country, but they have branches in our country.
A total of 45 foreign banks are operating in India right now.
Standard Chartered Bank is the largest foreign bank in India. It currently has 100 branches in India.