Foreign Banks In Chhattisgarh
Payments Banks In Chhattisgarh
Private Sector Banks In Chhattisgarh
Public Sector Banks In Chhattisgarh
Small Finance Banks In Chhattisgarh
Find The Complete List of Foreign Banks in Chhattisgarh
Foreign Banks in India
There are many types of banks in India, including foreign banks. All these banks have an important role in the Indian economy. If we talk about foreign banks, they are known as International Banks. An international bank is a financial institution that provides financial services to international consumers from outside its country of origin. These types of banks have their headquarters in some other country, but one of their branches works in India. However, all these banks have to follow their country as well as Indian rules. According to the Reserve Bank of India (as on 14 July 2020), there are 46 foreign banks in India as of now.
What are Foreign Banks
- These banks are registered and have their headquarters in another country, but they have branches in our country.
- Foreign banks account for less than 1% of the country's total branch network . However , they account for around 7% of the total banking sector assets and around 11% of the profit.
- RBI's policy regarding the presence of foreign banks in India is based on two basic principles-
- reciprocal
- single mode of attendance
- Reciprocity means that foreign banks in India are treated nationally only when their home country allows Indian banks to open branches freely.
- By single mode of presence RBI means, that either branch mode or Wholly Owned Subsidiary (WOS) mode is allowed in India.
- The other policy guidelines issued by RBI to foreign banks include:
- Banks must comply with the mandatory capital adequacy requirements of the Basel Standards.
- They have to meet the minimum capital requirement of 500 crores.
- They should maintain CRAR of at least 10%.
- The priority sector target for foreign banks in India is 40%.
- Apart from this, foreign banks should follow other norms issued by the Reserve Bank of India.
- Foreign banks can also open representative offices in India. Representative offices have less authority than branches or agencies.
- Foreign banks often open representative offices as a first step towards establishing a presence in the country.
- These offices act as a point of contact between the parent bank and its customers and correspondent banks in India.
- They can build relationships with potential customers, but they cannot conduct banking transactions on their own.
- Foreign bank branches are also more likely to operate in areas where regulatory barriers to entry are lower.
- Presently 45 foreign banks are functioning as foreign bank branches and 34 as foreign bank representative offices.
List of Foreign Banks in India (List of Foreign Banks in India 2022)
The list of foreign banks in India is as follows-
| S.No | banks' name | Branches in India | Headquarters |
| 1. | AB Bank Limited | 1 | Dhaka, Bangladesh |
| 2. | Abu Dhabi Commercial Bank Limited | 1 | Abu Dhabi, United Arab Emirates |
| 3. | American Express Banking Corporation | 1 | New York, United States |
| 4. | Australia and New Zealand Banking Group | 3 | Melbourne, Australia |
| 5. | Barclays Bank Plc | 6 | London, United Kingdom |
| 6. | Bank of America | 4 | Charlotte, United States |
| 7. | Bank of Bahrain and Kuwait | 4 | Manama, Bahrain |
| 8. | bank of ceylon | 1 | Colombo, Sri Lanka |
| 9. | Bank of China | 1 | Beijing, China |
| 10. | bank of nova scotia | 2 | Toronto Canada |
| 11. | BNP Paribas | 8 | Paris, France |
| 12. | Citibank NA | 35 | New York, United States |
| 13. | Cooperative Rabo BankUA | 1 | Utrecht, The Netherlands |
| 14. | Credit Agricole Corporate and Investment Bank | 5 | Paris, France |
| 15. | Credit Suisse AG | 1 | Zurich, Switzerland |
| 16. | CTBC Bank Company Limited | 2 | Nangang District, Taipei, Taiwan |
| 17. | DBS Bank India Limited | Singapore | |
| 18. | Deutsche Bank | 17 | Frankfurt, Germany |
| 19. | Doha Bank QPSC | 3 | Doha, Qatar |
| 20. | Emirates Bank NBD | 1 | Dubai, United Arab Emirates |
| 21. | Abu Dhabi Bank PJSC | 1 | Abu Dhabi, United Arab Emirates |
| 22. | Firstrand Bank Limited | 1 | Johannesburg, South Africa |
| 23. | HSBC Limited | 26 | London, England, UK |
| 24. | Industrial and Commercial Bank of China Limited | 1 | Xicheng District, Beijing, China |
| 25. | Industrial Bank Of Korea | 1 | Jung-gu, Seoul, South Korea |
| 26. | JPMorgan Chase Bank NA | 4 | New York, USA |
| 27. | JSCVTB Bank | 1 | Moscow, Russia |
| 28. | KEB HANA BANK | 2 | Seoul, South Korea |
| 29. | kookmin bank | 1 | Seoul, South Korea |
| 30. | Krung Thai Bank Public Company Limited | 1 | Watthana, Bangkok, Thailand |
| 31. | Mashreq Bank PSC | 1 | Dubai, United Arab Emirates |
| 32. | Mizuho Bank Ltd. | 5 | Chiyoda City, Tokyo, Japan |
| 33. | MUFG Bank Limited | 5 | Chiyoda City, Tokyo, Japan |
| 34. | NatWest Markets plc | 1 | London, United Kingdom |
| 35. | PT Bank | 1 | Senayan, Jakarta, Indonesia |
| 36. | Qatar National Bank (QPSC) | 1 | Doha, Qatar |
| 37. | sberbank | 1 | Moscow, Russia |
| 38. | SBM Bank (India) Limited | Port Louis, Mauritius | |
| 39. | Shinhan Bank | 6 | Jung-gu, Seoul, South Korea |
| 40. | Societe Generale | 2 | Paris, France |
| 41. | Sonali Bank Limited | 2 | Dhaka, Bangladesh |
| 42. | standard Chartered Bank | 100 | London, England, UK |
| 43. | Sumitomo Mitsui Banking Corporation | 2 | Chiyoda City, Tokyo, Japan |
| 44. | United Overseas Bank Limited | 1 | Singapore |
| 45. | Westpac Banking Corporation | 1 | Sydney, Australia |
| 46. | Woori Bank | 3 | Jung-gu, Seoul, South Korea |
List of Top Foreign Banks in India & Details
The list of top foreign banks in India and their details are as follows-
| S.No | Banks Name |
| 1. | City Bank |
| 2. | standard Chartered Bank |
| 3. | HSBC India |
| 4. | Deutsche Bank |
| 5. | NatWest Markets plc |
| 6. | DBS Bank |
| 7. | Barclays Bank |
| 8. | Bank of America |
| 9. | Bank of Bahrain and Kuwait |
| 10. | Doha Bank |
Citi Bank
The New York-based International Financial Services Corporation is a subsidiary of Citigroup. Most of the employees of this bank are working in Chennai, Mumbai and Gurugram while the headquarter of this bank is situated in Mumbai. Citibank is one such foreign bank in India, which provides very high level of services. Its Indian headquarters is at the Bandra Kurla Complex in Mumbai, Maharashtra.
Standard Chartered Bank
Standard Chartered opened its first branch in Bombay, Kolkata and Shanghai in the year 1858, followed by Hong Kong and Singapore in the year 1859. Standard Chartered plc is a British multinational banking and financial services firm headquartered in London and England. About 87 thousand employees work in this bank, along with it branches and outlets are present in more than 70 countries.
HSBC Bank
The bank is the second largest bank in Europe with total assets of $2.984 trillion (as of December 2020). The bank was established in the year 1991 as a new group holding company in London by the Hong Kong and Shanghai Banking Corporation. This bank has more than 50 branches in India. HSBC Bank India is a subsidiary of HSBC Holdings plc, and is based in the United Kingdom. Its headquarter is in Mumbai. Under the Banking Regulation Act, 1949, the Reserve Bank of India regulates it as a foreign bank (RBI).
Deutsche Bank
Apart from India, the network of this bank is spread in about 58 countries of the world, in which 5 lakh employees are working in Europe, America and Asia. The most interesting thing is that with 18 branches, the bank provides employment to 11 thousand people.
ROYAL BANK OF SCOTLAND
The services offered by the 10 branches of this bank include Forex, Corporate Banking and Insurance. With more than 700 branches, it is one of the most prestigious banks in the world.
DBS Bank
DBS Bank Limited is a Singapore-based multinational banking and financial services company headquartered in Marina Bay. This bank is considered to be one of the safest banks in Asia and has been ranked among the top 15 safest banks in the world.
Barclays Bank
The head office of Barclays Bank is in London, England. Barclays is divided into two divisions, Barclays UK and Barclays International. In which Barclays Execution Services acts as a service firm in the middle.
Bank of America
Bank of America Corporation It is known as BOFA or BOA in short. This bank is a financial services holding firm based in Charlotte, North Carolina. The bank operates 5 branches in India, making it one of the largest banks in the world with 4.9 million customers.
Bank Of Bahrain And Kuwait
Bank of Bahrain and Kuwait is known as BBK in short. The bank's share holders include the citizens of Bahrain, the Government of Bahrain and Kuwaiti banks and a number of financial organizations. Branches of this bank in India are operated in Mumbai, New Delhi, Hyderabad.
Doha Bank
The first branch of Doha Bank in India was opened in Mumbai on June 10, 2014, while currently its branches are providing continuous services in India. This bank has a vast network, which provides bank credit as well as many other services to its customers.
Top 5 Romantic Honeymoon Destinations In India To Visit In 2024 For Couples And Newlyweds
Looking to end the year with a dreamy escape? Check out India's top 5 honeymoon destinations for 2024. Whether you're a newlywed couple or celebrating years of love, these places
Top 5 Best Places To Visit In India During December For A Winter Holiday Full Of Fun And Festivities
India in December offers a delightful blend of winter charm and festive celebrations. If you love snow, head to Shimla, the Queen of Hills, where you can enjoy cold winds,
Here are the best places to visit in Sambalpur that every traveler must explore for nature, history, wildlife, and spiritual experiences
Sambalpur, located in Odisha, is a travel gem known for its blend of natural beauty, cultural heritage, and spiritual significance. Popular spots like Hirakud Dam, Samaleswari Temple, and Debrigarh Wildlife
Here are the top places to visit in Madurai for culture, architecture, spirituality, and fun – ideal for your next travel experience in South India
Madurai, a vibrant city in Tamil Nadu, is one of India's oldest continuously inhabited cities. Known for its rich heritage, divine temples, and cultural significance, it's a destination that blends
Top 10 Best Places to Visit in Digha for a Memorable Beach Holiday With Nature, Temples, and Science Fun
Digha is a perfect coastal destination with beautiful beaches like Digha Beach, New Digha, Talsari and Shankarpur, along with attractions like Marine Aquarium, Amarabati Park, and Chandaneswar Temple. Ideal for
Top 10 Best Places To Visit In Panipat For History, Shopping And Local Sightseeing Experience
Panipat is a popular historical city in Haryana, known for its rich past and vibrant present. Tourists can start their journey with a visit to the famous Panipat Museum, which
Top 10 Best Tourist Places To Visit In Indore For Culture, Food, Nature And Heritage Experience
Indore is a vibrant city in Madhya Pradesh that offers a wonderful mix of culture, food, and history. Start your journey at Rajwada Palace, where the charm of royal architecture
A complete travel guide to spend one beautiful day in Lucknow with your partner
If you have just one day to explore Lucknow with your partner, this travel plan is perfect for creating unforgettable memories. Start your day with a visit to Bara Imambara,
A beginner friendly guide for planning your first solo trip with essential tips for a safe journey
Taking your first solo trip can feel exciting but also a little scary. This beginner-friendly guide will help you feel more prepared and confident before you travel alone. You’ll learn
Discover the Spiritual Wonders: Temples in Patna
Patna, the capital city of Bihar, is a treasure trove of spiritual and cultural heritage, boasting numerous temples that reflect its historical and religious significance. This article delves into the