Foreign banks in India 2019 | Foreign Banks and Their Headquarters

Foreign Banks In India,Foreign banks in India 2018

Foreign banks in India | Foreign Banks List International banks in India , After 1991 Globalization Indian Economy became a open economy which means ” Foreign companies or institution were allowed to invest or setup their branches in India.” After Globalization the major focus was to enhance more productivity with the focus on SERVICE SECTOR. Foreign Banks In India Do not Fall Under Government undertaking Banks List , But still they have to follow Rules and Regulations of Indian Government 

What Is a Foreign Bank

Foreign banks are those banks which has origination in other country and provide services in another countries. In simple words Foreign banks in India means Banks which have Headquarters in another country but functions of foreign banks are being operated from India. It also have to follow regulations and obligations of Host as well as the Parent country. Lets Take a Foreign banks example For better understanding.

Barclay’s banks is an one of the well known International banks which has operations in many countries, Barclays India has to follow all the rules and regulation of India ( IF the host country is India) as well as the country where Barclays banks has it Headquarter

Functions Of Foreign banks

Foreign banks are basically not originated from host countries as we have already said they have to take care of regulations of host country too. If any International Bank want to start Function, It may Enter in either of way

1. Foreign banks in India Branch form of presence

2. Foreign banks in India Representative Office form of presence 

How many Foreign Banks in India 2019

India is the World top most growing economy and fastest growing Market, None of the Banking giants wants to loose opportunity. This is a very common question which is being searched all the time ” how many foreign banks are there in India” , As we have already discussed that there are only 2 ways for any foreign bank to enter into India banking system Either Branch form of presence or Representative Office form of presence  As per reserve bank of India data Total number of foreign banks in India as on January 31, 2018 The number of foreign banks in India 2018 are given below

1. Number of Foreign banks In India 2019 branches – 45 along with 286 branch form of presence 

2. Number of Foriegn banks in India 2019 Representative Office – 40 Representative Office In Presence

Mumbai is the Financial capital of India and as it the Capital most of foreign banks has their representative offices In Mumbai, Many of the Private Banks Has Their Head offices in Mumbai

List of foreign banks in India

S.NO NAME OF BANK HEADQUARTERS Started in Head office IN INDIA Tagline
1 Abu Dhabi Commercial Bank Abu Dhabi 1985 Mumbai Our Vision. Your Future
2 Bank of Ceylon Colombo 1939 Chennai the Bank you can trust.
3 BNP Paribas Bank Paris 1848; 170 years ago (as BNP)1872 (as Paribas) , 2000 as BNP Paribas Mumbai The bank for a changing world.
4 China Trust Commercial Bank ‎Taipei ‎1966 New Delhi We Are Family.
5 HSBC London 1853 Mumbai The world’s local bank.
8 JPMorgan Chase Bank New York City 2000 Mumbai The right relationship is everything
9 Standard Chartered Bank London 1969 Mumbai Your Right Partner.
10 Scotia Bank Toronto 1832, Halifax Regional Municipality Canada Mumbai You’re richer than you think.,
Life. Money. Balance both
12 MasterCard New York 1979 Mumbai There are some things that money can’t buy.
For everything else there’s MasterCard.
13 Ab bank ltd Dhaka 2 April 1982 Mumbai Innovative Banking
14 ABN amro bank ‎Amsterdam 1991 Mumbai Making More Possible.
15 American express New York City March 18, 1850 Mumbai Don’t Leave Home Without It
16 Bank of nova scotia Toronto 1832 Mumbai You’re richer than you think
17 Barclay’s bank London 20 July 1896 Mumbai Fluent in finance
18 CITI BANK New York City 16 June 1812 Mumbai Let’s get it done
19 Credit agricole corporate investment bank Paris 1 May 2004 Mumbai —————————
20 Credit suisse AG Switzerland 1856 Mumbai —————————
21 DBS BANK Singapore’s 1968 Mumbai Living, Breathing Asia
22 Woori bank Seoul 1899 Chennai Pioneering and Hope
23 Westpac banking corporation Sydney 1817 Mumbai Australia’s First Bank
25 United overseas bank limited Singapore 6 August 1935 New Delhi Right By You
26 UBS AG BANK Switzerland   Mumbai —————————
27 Royal bank of scotland Edinburgh 1727 Gurugram Make it happen
28 DEUTSCHE BANK Frankfurt 10 March 1870 Mumbai A passion to perform
29 Sumitomo mitsui bank Chiyoda April 2001 Mumbai —————————
30 First rand bank South Africa 1998 Mumbai Traditional Values , Innovative Ideas
31 Standard chartered bank London 1969 Mumbai Your Right Partner.
32 The bank of tokyo-mitsubishi UF bank Chiyoda January 1, 2006 Mumbai You Trust Your Future Our Commitment
33 Sonali bank Dhaka 1972 Mumbai  

Investment banking is also a part of foreign banking, Many Of these Banks Are also Working as investment banks in India. That’s the only Reason that Indian Banks Has Expand their Business and Branches From Domestic To Overseas. Indian Banks Branches in other countries serving well and bringing remittance to India. Know More about Indian UK Banks

To Survive in today’s Competitive world, It is needed that we get investment from foreign banks or MNC’s. Foreign banks Not only brings Investors but also they provide lot of jobs and good salary packages to local skilled labor. Foreign banks jobs are quote good as if we compare this with other banks in India . Lot many indian who are working in these banks whether they are Indian Diaspora or NRI’s somehow got chance to migrate and work in overseas competition. Find More Interesting articles at Banks In India