India will be one of the fastest-growing emerging market economies of the world in this fiscal year. As per IMF (International Monetary Fund), India’s economy is expected to bounce back strongly in the fiscal year (2021-22) with 11.5% growth. There are various types of banks in India. The banks have been making a huge impact on the Indian economy. In this post, I have compiled a list of Foreign Banks in India (International Banks in India).
Table of Contents
What are Foreign Banks?
A foreign bank is a type of International Bank headquartered in a different country with branches in India. A foreign bank is obligated to follow the regulations of both the home and host countries. Currently, as many as 46 foreign banks operating in India as per the RBI (As on July 14, 2020).
International banks are operational in India either as a branch mode or WOS (Wholly-owned Subsidiary) mode. The bank opens its foreign bank branches to meet the needs of customers of international companies.
How many foreign banks in India?
At present, there are 46 total foreign banks in India as per the RBI (As on July 14, 2020). Next, you will get the answer to the question: name of foreign banks in India?
List of Foreign Banks in India 2021
Here are the foreign banks in India list (list of international banks in India), I have collected from various sources. Just take a quick look at the private foreign banks in India (foreign sector banks in India) mentioned in the table below.
| S. No. | Name of the Bank | Branches in India | Headquarter | Country of Incorporation |
| 1 | AB Bank Ltd. | 1 | Dhaka, Bangladesh | Bangladesh |
| 2 | Abu Dhabi Commercial Bank Ltd | 1 | Abu Dhabi, United Arab Emirates | UAE |
| 3 | American Express Banking Corporation | 1 | New York, United States | USA |
| 4 | Australia and New Zealand Banking Group Ltd. | 3 | Melbourne, Australia | Australia |
| 5 | Barclays Bank Plc | 6 | London, United Kingdom | United Kingdom |
| 6 | Bank of America | 4 | Charlotte, North Carolina, United States | USA |
| 7 | Bank of Bahrain & Kuwait BSC | 4 | Manama, Bahrain | Bahrain |
| 8 | Bank of Ceylon | 1 | Colombo, Sri Lanka | Sri Lanka |
| 9 | Bank of China | 1 | Beijing, China | China |
| 10 | Bank of Nova Scotia | 2 | Toronto, Canada | Canada |
| 11 | BNP Paribas | 8 | Paris, France | France |
| 12 | Citibank N.A | 35 | New York, United States | USA |
| 13 | Cooperatieve Rabobank U.A | 1 | Utrecht, Netherlands | Netherlands |
| 14 | Credit Agricole Corporate & Investment Bank | 5 | Paris, France | France |
| 15 | Credit Suisse A.G | 1 | Zürich, Switzerland | Switzerland |
| 16 | CTBC Bank Co. Ltd. | 2 | Nangang District, Taipei, Taiwan | Taiwan |
| 17 | DBS Bank India Limited** | Singapore | Singapore | |
| 18 | Deutsche Bank | 17 | Frankfurt, Germany | Germany |
| 19 | Doha Bank Q.P.S.C | 3 | Doha, Qatar | Qatar |
| 20 | Emirates Bank NBD | 1 | Dubai, United Arab Emirates | UAE |
| 21 | First Abu Dhabi Bank PJSC | 1 | Abu Dhabi, United Arab Emirates | UAE |
| 22 |
FirstRand Bank Ltd |
1 | Johannesburg, South Africa | South Africa |
| 23 | HSBC Ltd | 26 | London, England, UK | Hong Kong |
| 24 | Industrial & Commercial Bank of China Ltd. | 1 | Xicheng District, Beijing, China | China |
| 25 | Industrial Bank of Korea | 1 | Jung-gu, Seoul, South Korea | South Korea |
| 26 | J.P. Morgan Chase Bank N.A. | 4 | New York, USA | USA |
| 27 | JSC VTB Bank | 1 | Moscow, Russia | Russia |
| 28 | KEB Hana Bank | 2 | Seoul, South Korea | South Korea |
| 29 | Kookmin Bank | 1 | Seoul, South Korea | South Korea |
| 30 | Krung Thai Bank Public Co. Ltd. | 1 | Watthana, Bangkok, Thailand | Thailand |
| 31 | Mashreq Bank PSC | 1 | Dubai, United Arab Emirates | UAE |
| 32 | Mizuho Bank Ltd. | 5 | Chiyoda City, Tokyo, Japan | Japan |
| 33 | MUFG Bank, Ltd. | 5 | Chiyoda City, Tokyo, Japan | Japan |
| 34 | NatWest Markets Plc | 1 | London, United Kingdom | United Kingdom |
| 35 | PT Bank Maybank Indonesia TBK | 1 | Senayan, Jakarta, Indonesia | Indonesia |
| 36 | Qatar National Bank (Q.P.S.C.) | 1 | Doha, Qatar | Qatar |
37 |
Sberbank |
1 | Moscow, Russia | Russia |
| 38 | SBM Bank (India) Limited** | Port Louis, Mauritius | Mauritius | |
| 39 | Shinhan Bank | 6 | Jung-gu, Seoul, South Korea | South Korea |
| 40 | Societe Generale | 2 | Paris, France | France |
| 41 | Sonali Bank Ltd. | 2 | Dhaka, Bangladesh | Bangladesh |
| 42 | Standard Chartered Bank | 100 | London, England, UK | United Kingdom |
| 43 | Sumitomo Mitsui Banking Corporation | 2 | Chiyoda City, Tokyo, Japan | Japan |
| 44 | United Overseas Bank Ltd | 1 | Singapore | Singapore |
| 45 | Westpac Banking Corporation | 1 | Sydney, Australia | Australia |
| 46 | Woori Bank | 3 | Jung-gu, Seoul, South Korea | South Korea |
**DBS Bank India Limited (Subsidiary of DBS Bank Ltd.) and SBM Bank (India) Limited (Subsidiary of SBM Group).
The above table will help you to know the foreign banks in India and their headquarters. This is the list of international banks in India that are currently operating in the country.
Also Read: List of Banks in India
Also Read: List of Private Banks in India
Top Foreign Banks in India (Best International banks in India)
Here is the list of the best foreign banks in India. Best bank for International banking in India are listed below. Just take a look at the top 10 foreign banks in India mentioned below.
1. Citi 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
The above mentioned are the top 10 International banks in India.
FAQs (Frequently Asked Questions)
1. What is an International Bank?
An international bank is a financial institution that operates overseas and offers financial services to foreign clients.
2. What is the total number of foreign banks in India?
Currently, as many as 46 foreign banks are operational in India as per the RBI (As on July 14, 2020).
3. Which is the largest foreign bank in India?
Standard Chartered Bank is the largest foreign bank in India with 100 branches in 43 cities.
4. What are the top foreign banks in Mumbai?
There are many International banks in Mumbai. Some of them are:
- Citi Bank
- BNP Paribas Bank
- Standard Chartered Bank
- HSBC Bank
- DSB Bank Ltd
- Deutsche Bank
- Barclays Bank
- Bank of America
- Abu Dhabi Commercial Bank Ltd
- Bank of Nova Scotia
- Doha Bank
- Mashreq Bank
- Bank of Bahrain & Kuwait
- Emirates Bank
- Shinhan Bank
- Mizuho Bank Ltd
- AB Bank Ltd.
- Societe Generale Bank
5. What are the International banks in Hyderabad?
There are many International banks in Hyderabad. Some of them are:
- Citi Bank
- Bank of America
- Standard Chartered Bank
- Barclays Bank
- BNP Paribas Bank
- Deutsche Bank
6. How many International banks in India?
There are 46 International banks in India as per the RBI as on July 14, 2020.
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Final Thoughts
I hope this post helps you to know the list of foreign banks in India. At present, there is a total of 46 international banks name in India. Top International banks in India are also listed above. Standard Chartered Bank is the largest foreign bank in India with 100 branches.
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