Banking in India is a mammoth industry and comprises of public sector banks, private banks, foreign banks, regional rural banks and cooperative banks. The hugeness of the Banking Industry in India can be traced from the fact that its worth is more than Rs 81 Lakh Crore.
Foreign Banks help in improving the economy of the country by offering world class banking products and services. Also, foreign banks help in increasing financial inclusion in the country by opening branches in different parts of the country.
There are many foreign banks operating in the country that provide quality banking services. This post describes about the top 10 foreign banks in India:
10. Doha Bank
10th position on this list is occupied by Doha Bank, a commercial bank of Qatar incorporated in the year 1978. Doha Bank started its operations in India in the year 2014 with the opening of its first branch in Mumbai.
Doha Bank operates three branches in the country and offer banking services like personal banking, corporate banking, NRI services, trade services, etc.
9. Bank of Bahrain and Kuwait
Established in the year 1971, Bank of Bahrain and Kuwait is placed at ninth position in the list of top 10 foreign banks in India. It operates 4 branches in India, which are located in Mumbai, New Delhi, Hyderabad and Aluva.
8. Bank of America
Bank of America is an American multinational bank, which is known worldwide for its unparalleled banking services. It is among the largest banks in USA and offer services to more than 4.9 Crore customers in the country.
Bank of America started operations in India in the year 1964 and presently operates 5 branches in the country. Its branches are located in New Delhi, Bengaluru, Chennai, Mumbai and Kolkata.
7. Barclays Bank
Barclays Bank is among the largest banks in the world and serves more than 4.8 Crore customers. Investment Banking, Personal Banking and Corporate Banking are services offered by the bank in the country.
Barclays Bank operates 7 branches in the country, which are located in different cities in the country.
6. DBS Bank
DBS Bank is a Singaporean multinational bank and operates 12 branches in the country. Incorporated in the year 1968, DBS Bank has operations in more than 15 countries in the world.
5. The Royal Bank of Scotland
The Royal Bank of Scotland operates 10 branches in the country and occupied fifth position in the list of top 10 foreign banks in India. Founded in the year 1727, The Royal Bank of Scotland serves more than 3 Crore customers across the globe.
4. Deutsche Bank
Next on this list is Deutsche Bank, a German multinational bank incorporated in the year 1870. Deutsche Bank began operations in India in the year 1980 with the establishment of its first branch.
Deutsche Bank operates 18 branches in the country and offer services to more than 5 Lakh customers. The bank has a workforce of more than 9,800 employees and in the last financial year, its total income was more than Rs 5,800 Crore.
HSBC is one of the largest banks in the world, which was incorporated in the year 1836. HSBC has a strong international network, which comprises of more than 6,000 offices in over 70 countries in the world.
HSBC operates 50 branches in India and offer various services like Internet Banking, Loans, Credit Cards, Debit Cards, Foreign Exchange Services, etc. The bank is doing good business in the country and in the last financial year, its total income was more than Rs 10,400 Crore.
2. Standard Chartered
Standard Chartered with 102 branches is the foreign bank with highest branches in the country and stand at second place in the list of top 10 foreign banks in India. Incorporated in the year 1968, Standard Chartered is a British multinational bank with operations in more than 70 countries in the world.
Winner of Best Foreign Bank Award, Standard Chartered has made a remarkable image among all foreign banks in the country. Some of the services offered by the Standard Chartered include personal banking, NRI banking, Credit Cards and Investments.
Citibank is an American multinational bank, which was incorporated in the year 1812. Citibank started its operations in India in 1902 and presently operates 45 branches in different cities in the country.
Headquartered in Mumbai, Citibank contributes significantly in the country’s banking industry and stands among the preferred banks to many companies in the country. The bank is known for offering world class banking services with unparalleled features.
Personal Banking, NRI Banking, Credit Cards, Loans and Investments are some of the products of the bank.