International banks in India and the whole details at a glance

1. Citibank

Citibank India is the only foreign bank in India with a full service onshore platform in the country establishing their presence in India since 1902, the bank has over 750 ATMs throughout the country and within India itself it has close to 7,500 employees, Subsidiary of Citigroup Inc, Newyork, USA, founded in 1902, headquarters in Mumbai, Maharashtra, India.

Citi India's balance sheet is considered among the best performing in the Indian banking industry, with a net NPA level of 0.55% as of March 31, 2018.

Dealing with Credit Cards, Debit Cards, Loans, Investments, Forex, Assurance/Insurance, NRI Banking, Private Banking....etc

2. Standard Chartered Bank

Standard Chartered Bank is a British multinational banking and financial services company, StandardChartered Plc , headquartered in London, England, founded in 1858…operating with 102 branches in 43 Indian cities.

The name Standard Chartered comes from the names of two banks from which it was formed by a merger in 1969: The Chartered Bank of India, Australia and China and Standard Bank of British South Africa.

The key services offered by the bank include Corporate & Institutional Banking, Commercial & Private Banking and Retail Banking….The other subsidiaries include – Standard Chartered Securities Ltd., Standard Chartered Private Equity Advisory (India) Pvt. Ltd., Standard Chartered Investments and Loans (India) Ltd., Standard Chartered Finance Ltd. and Standard Chartered Global Business Services Pvt. Ltd.

3. HSBC Bank

HSBC Bank India, (Hong Kong and Shanghai Banking Corporation Limited) is an Indian subsidiary of UK-based HSBC Holdings plc, operational headquarter in Fort, Mumbai, Maharashtra, India, founded in 1853.... operating with 56 branches and 36000 employees in Indian cities recorded as on 2018. The first ATM in India was set up by HSBC as early as 1987. The bank serves its customers in India through three global businesses – Retail Banking, Wealth Management, Commercial Banking and Global Banking and Markets.

4. Deutsche Bank

Deutsche Bank has a wide global reach spread across over 70 countries with more than 78,000 employees across the globe.

All of this in a very short span of time since its launch in Germany in 1980. The bank in India is a fully integrated financial service provider to Indian corporate, institutional and individual clients.

The services it offers through its 18 branches within India, include on-shore investment banking, institutional equities broking, asset and private wealth management, retail banking and business processes outsourcing.

It is estimated that the bank has over 5 lakh customers in the country.

5. Bank of Scotland

The Royal Bank of Scotland, popularly known as RBS, today has just one branch in India that is in Mumbai.

But it must be noted that this bank was one of the oldest international banks in India with their journey dating back to 1921.

Not taking any fresh banking commitments, the bank is working through its branch in Mumbai to attend to customers still associated with them within the country.

While the bank was operational, it was committed towards supporting local communities wherein it implemented several programs to promote enterprises with a special focus on livelihood generation, youth and women.

6. Development Bank of Singapore Bank(DBS Bank)

DBS Bank completing 50 years since its first branch in Singapore as on 2018, the bank has 12 branches within India. The primary aim of setting up DBS in India was to strengthen the ties between both the countries.

The popular services offered by DBS include credit cards, personal banking, NRI banking and home loans.

7. Barclays Bank

Barclays Bank has been responsible to fund the world’s first industrial railways in 1819 to unveiling of the world’s first automated teller machine in 1967. With a history of over three centuries, the bank opened its India chapter in 1990.

The product offering includes retail banking, Corporate Banking, Investment Banking and it has been a Top 5 arranger of domestic debt since 2010 and a Top 3 arranger of offshore bonds in 2012.

The bank’s commitment to India is cemented by the fact that it invested $800 million of capital which by far is the largest capital commitments by any foreign banks in the country.

Wealth & Investment Management and Equities Sales & Trading which operates through Barclays Securities & Investments Pvt. Ltd, has attained a leading position within just five years of being set up and has been voted the Best Private Banking Bank in India by The Asset for three consecutive years.

8. The Bank of America

Bank of America in India, started its operations from Mumbai in 1964 and serving for almost 50 years. Bank of America, N.A. is a subsidiary of Bank of America Corporation operating in India where it provides banking products such as working capital and term loans, structured finance, export finance, global cash management, trade products, foreign exchange services and currency solutions to top Indian corporates, multinationals, multilateral agencies, foreign government entities and financial institutions. Apart from Mumbai, the bank also has its presence in Delhi, Chennai and Bengaluru.

9. The Bank of Bahrain and Kuwait

Bank of Bahrain and Kuwait (BBK) was incorporated in 1971. Moving out of Bahrain, it opened its first overseas branch in Kuwait in 1978. BBK started  as a scheduled commercial bank in India in 1986. Today, the bank has branches across the country – Mumbai, Hyderabad, Aluva (Ernakulam Dist - Kerala) and New Delhi where it offers its customers services like credit facilities, home loans, wide range of deposit products, NRI services, a fully equipped dealing room and a strong remittances department as well.

BBK also specializes in providing structured finance to mid corporate and SMEs along with ECBs to large corporate in India.

The NRI desk is exceptionally well taken care off to cater to the needs of NRIs like personalized banking, share market investments, portfolio investment services, mutual fund investments etc.

10. Doha Bank

Doha Bank has a strong operational branch at Mumbai’s Nariman Point. It is one of the largest commercial banks in the State of Qatar and it opened its first branch in India at Mumbai, on June 10, 2014.

With three branches across the country – Mumbai, Chennai and Kochi, the bank offers credit facilities, range of deposits, trade services which include import services, guarantee services, trade credit, advising l/cs, local bill discounting, bills under collection and export finance and NRI services.

Where the NRI services offered by the bank holds the number one position from the bouquet of services it provides, the other two best services include money exchange and corporate banking.

Other International Banks in India

From U.S.A

11. American Express Banking Corporation....Total Branch in India-1 

12. J.P. Morgan Chase Bank N.A.....Total Branch in India-4

From Canada

13.  Bank of Nova Scotia.....Total Branch in India-3 

From France

14.  BNP Paribas.....Total Branch in India-8

 
15.  Credit Agricole Corporate & Investment Bank....Total Branch in India-5 

16.  Societe Generale.....Total Branch in India- 4

From Netherlands

17. Cooperatieve Rabobank U.A.....Total Branch in India-1

From Switzerland

18.  Credit Suisse A.G......Total Branch in India-1

From Russia

19.  JSC VTB Bank.....Total Branch in India-1

20.  Sberbank.....Total Branch in India-1

From Australia

21. Australia and New Zealand Banking Group Ltd...Total Branch in India- 3

22. National Australia Bank.....Total Branch in India- 1 

23. Westpac Banking Corporation,....Total Branch in India- 1

From South Africa

24. FirstRand Bank Ltd.....Total Branch in India-1

From U.A.E

25.  Abu Dhabi Commercial Bank Ltd......Total Branch in India-2 

26.  Mashreq Bank PSC.....Total Branch in India-1 

27.  First Abu Dhabi Bank PJSC.....Total Branch in India-1 

28.  Emirates Bank NBD......Total Branch in India- 1 

From Bahrain & Kuwait

29. Bank of Bahrain & Kuwait BSC.....Total Branch in India- 4

From Qatar

30.  Qatar National Bank......Total Branch in India-1 

From Japan

31. Mizuho Bank Ltd.......Total Branch in India-5

32. Sumitomo Mitsui Banking Corporation.....Total Branch in India-2

33. The Bank of Tokyo- Mitsubishi UFJ, Ltd..Total Branch in India-5 

From South Korea

34.  Shinhan Bank......Total Branch in India-6

35.  Woori Bank......Total Branch in India-3 

36.  KEB Hana Bank......Total Branch in India-1

37.  Industrial Bank of Korea......Total Branch in India-1

From China

38. Industrial & Commercial Bank of China Ltd....Total Branch in India-1 

From Indonesia

39. PT Bank Maybank Indonesia TBK....Total Branch in India-1

From Singapore

40. United Overseas Bank Ltd.....Total Branch in India-1

From Taiwan

41. CTBC Bank Co., Ltd.......Total Branch in India-2

From Thailand

42. Krung Thai Bank Public Co. Ltd....Total Branch in India-1

From Bangladesh

43. AB Bank Ltd.....Total Branch in India-1

44. Sonali Bank Ltd....Total Branch in India-2

From Sri Lanka

45. Bank of Ceylon......Total Branch in India-1

Importance of Foreign Banks in India

Foreign banks play a relatively minor role in the Indian economy, as reiterated in Global Development Finance 2008, an annual publication from the World Bank that was released last week. This fact is relevant right now for two reasons. First, the Reserve Bank of India is likely to open up the Indian banking market further in April, or around 300 days from now. Two, the global credit crisis has shown how problems in Western banks can reverberate through financial systems in emerging markets.

The advantages of greater foreign bank participation are clear: They tend to increase the efficiency of the local banking system, bring in more sophisticated financial services and have the ability to nurse weak banks back to health. That underlies the case for greater freedom for foreign banks.

The credit crisis has brought the dark underside into focus. Global banks that boast of the best practices in the way they allocate capital and manage risks are also prone to make elementary mistakes, partly because of the imperfect nature of regulations and partly because bankers have perverse incentives to be loose with other people’s money.

So, which way should policy swing? It is tempting to conclude that India is better off with its current policy of caution about the entry of foreign banks. But that would be a mistake. While we agree that banking markets tend to be prone to crises and, hence, need tighter regulation than markets in goods and services, India needs more foreign bank participation.

The main contention—that foreign banks account for just 5% of India’s loan market—is misleading. Local banks have been on a borrowing spree abroad. They raised more than $12 billion between 2003 and 2006, which is one reason that India could support credit growth of 28.1% despite the fact that deposits grew at only 18.5%.