Foreign Banks in India List 2022 | Check Here

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