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Home  »  Reserve Bank of India  »  Foreign Banks in India

Foreign Banks in India

 

Foreign banks have brought latest technology and latest banking practices in India. They have helped made Indian Banking system more competitive and efficient. Government has come up with a road map for expansion of foreign banks in India.

 

The road map has two phases. During the first phase between March 2005 and March 2009, foreign banks may establish a presence by way of setting up a wholly owned subsidiary (WOS) or conversion of existing branches into a WOS.

The second phase commenced on April 2009 after a review of the experience gained after due consultation with all the stake holders in the banking sector. The review has examined issues concerning extension of national treatment to WOS, dilution of stake and permitting mergers/acquisitions of any private sector banks in India by a foreign bank.
 

Foreign Banks in India:

The Royal Bank of Scotland Abu Dhabi Commercial Bank Ltd American Express Bank Ltd
Bank of America N.A Bank of Bahrain & Kuwait BSC Mashreq Bank
Bank of Nova Scotia Bank of Tokyo Mitsubishi UFJ Ltd Citibank N.A
Deutsche Bank HSBC Bank Societe Generale
Sonali Bank BNP Paribas Barclays Bank p.l.c
DBS Bank Ltd Bank Internasional Indonesia Arab Bangladesh Bank Ltd
Standard Chartered Bank State Bank of Mauritius Ltd Bank of Ceylon
Cho Hung Bank Chinatrust Commercial Bank Ltd Krung Thai Bank plc
Antwerp Diamond Bank N.V. J P Morgan Chase Bank Mizuho Corporate Bank Ltd
Oman International Bank SAOG Credit Agricole Corporate and Investment Bank
 

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