Top 10 foreign banks in India with most branches | 2020

The first foreign bank in India was chartered bank which is originally from London and possess its global headquarter in London only. The bank is today known as Standard Chartered Bank of India.

But the core point to be considered is that post its entry, 46 other foreign banks have entered the Indian banking system and they are impressively performing well.

Foreign Banks in India contribute around 7% in the Indian Banking Industry, whereas contributing a profit of about 11% to the nation’s economy, and the appealing part is that there is just about 1% branch network of foreign Banks in India.

They perform largely in external commercial borrowing, treasury service, trade financing, investment banking and wholesale lending. These banks are also getting boost in the preference for taking out Personal Loans in India by individuals and self-employed.

The 45 foreign banks in India possess about 300 branches network across the nation and most of them have the locus in the big cities of Indian states. Here, you will get to know about the top 10 foreign banks in India that possess the most branches and are performing appealingly. Let’s get started:

Standard Chartered Bank

The first and also known as the best foreign bank in India - Standard Chartered Bank has its international head office in the capital city of United Kingdom viz. London.

The bank has a branch network of 100 across 43 different cities of India. The bank extends financial products and services ranging from credit cards to personal loans to online banking and more.

Citi Bank

The bank is another largest foreign bank in India. Citi Bank has its global headquarter in the United States of America whereas the bank operates with 42 branches across 30 different cities of India. The bank is counted among one of India’s most profitable foreign moneylenders.

Citibank offers a wide array of services to customer that ranges from savings and loans (personal loans, home loans, business loans, etc.) to credit cards and insurance services.

HSBC Bank

HSBC Bank is the largest bank in the European continent and one of the best foreign banks in India with its global headquarter in London. The term HSBC stands for Hongkong and Shanghai Banking Corporation. The bank has 26 branches at present across India. HSBC has 4 core pillars of business groups including retail, wealth management, investment banking and commercial banking. This foreign bank is widely popular for availing personal loans in India as it offers quite lower personal loan interest rate than others starting from 10.50% p.a.

Deutsche Bank

Deutsche Bank has origin in Germany with an enormous presence across Europe and is one of the largest banks in the globe by assets. The bank entered the Indian banking market in 1980 and today operates with 17 branches across 16 different cities.

The bank deals in various financial products and services ranging from credit cards to personal loans and so on.

BNP Paribas Bank

BNP Paribas Bank hails from France and is among the top 8 largest banks of the world in terms of assets. The bank operates with 8 branches across major metro cities in India.

Barclays Bank

Barclays Bank is one of the most popular investment banks in the world and also many states it as the best foreign bank in India. The bank also functions on primary financial business segments such as financial services, personal and corporate banking and wealth management. The bank has its international headquarter in London.

Shinhan Bank

The bank originates from the capital city of South Korea viz. Seoul. Shinhan Bank offers multiple banking and financial services. Shinhan Bank has 8 branches across 5 states and union territories of India.

Mizuho Bank

Mizuho Bank hails from Japan which extends financial solutions to national and universal entities in India. The bank is an ideal alternative for financial and corporate businesses. Mizuho Bank operates with 5 branches across 5 different cities of India.

Crédit Agricole Corporate & Investment Bank

The investment banking company of Crédit Agricole Group has been functioning in India since 1981 and deals with the big markets with its 5 branches across 5 different cities across India. Moreover, the Crédit Agricole Corporate & Investment Bank offers an extensive array of products and services in banking and finance in India.

MUFG Bank

The bank originates from Japan and operates in India with its 5 branches. MUFG Bank is one of the leading banks of Japan.

Conclusion

There are several Foreign Banks in India that are performing appealingly and serving the common public satisfactorily across the nation, although the aforementioned 10 banks are those that operate with the major branch network as compared to other foreign banks in India.