International Banking
International banking is the process by which banks handle money and credit between different countries across political borders. Get the details of International Banking from our blog.
Priyanka Dahima13 Jun, 2024
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International Banking: Foreign banks are financial institutions that establish a branch in a country other than their home country. They are settled in only one country. These international institutions establish branches abroad. Their goal is to provide international customers with even better user comfort and services. Sometimes foreign institutions support companies. These companies have branches in different countries. In the below article, we have discussed the details of International Banking.
International Banking
International Banks work with certain banks in their home country. Foreign banks often invest in countries with low tax rates. They can increase their profits by setting up branches there. In addition, foreign institutions receive greater income and recognition. However, these international banks must follow the rules of both countries. Here we are providing the International Banking details.International Banks in India
As of May 2023, there are 45 International banks operating in India, with the majority of their roughly 300 branches located in the country’s main cities.
| Name of the Bank |
Headquarter |
|---|---|
| AB Bank Ltd. | Dhaka, Bangladesh |
| Abu Dhabi Commercial Bank Ltd. | Abu Dhabi, United Arab Emirates |
| American Express Banking Corporation | New York, United States |
| Australia and New Zealand Banking Group Ltd. | Melbourne, Australia |
| Barclays Bank Plc | London, United Kingdom |
| Bank of America | Charlotte, North Carolina, United States |
| Bank of Bahrain & Kuwait BSC | Manama, Bahrain |
| Bank of Ceylon | Colombo, Sri Lanka |
| Bank of China | Beijing, China |
| Bank of Nova Scotia | Toronto, Canada |
| BNP Paribas | Paris, France |
| Citibank N.A | New York, United States |
| Rabobank | Utrecht, Netherlands |
| Credit Agricole Corporate & Investment Bank | Paris, France |
| Credit Suisse A.G | Zürich, Switzerland |
| CTBC Bank Co. Ltd. | Nangang District, Taipei, Taiwan |
| DBS Bank India Limited | Singapore |
| Deutsche Bank | Frankfurt, Germany |
| Doha Bank | Doha, Qatar |
| Emirates Bank NBD | Dubai, United Arab Emirates |
| First Abu Dhabi Bank | Abu Dhabi, United Arab Emirates |
| FirstRand Bank Ltd. | Johannesburg, South Africa |
| HSBC Ltd. | London, England, UK |
| Industrial & Commercial Bank of China Ltd. | Xicheng District, Beijing, China |
| Industrial Bank of Korea | Jung-gu, Seoul, South Korea |
| J.P. Morgan Chase Bank N.A. | New York, USA |
| JSC VTB Bank | Moscow, Russia |
| KEB Hana Bank | Seoul, South Korea |
| Kookmin Bank | Seoul, South Korea |
| Krung Thai Bank Public Co. Ltd. | Watthana, Bangkok, Thailand |
| Mashreq Bank PSC | Dubai, United Arab Emirates |
| Mizuho Bank Ltd. | Chiyoda City, Tokyo, Japan |
| MUFG Bank, Ltd. | Chiyoda City, Tokyo, Japan |
| NatWest Markets Plc | London, United Kingdom |
| PT Bank Maybank Indonesia TBK | Senayan, Jakarta, Indonesia |
| Qatar National Bank (Q.P.S.C.) | Doha, Qatar |
| Sberbank | Moscow, Russia |
| SBM Bank (India) Limited | Port Louis, Mauritius |
| Shinhan Bank | Jung-gu, Seoul, South Korea |
| Societe Generale | Paris, France |
| Sonali Bank Ltd. | Dhaka, Bangladesh |
| Standard Chartered Bank | London, England, UK |
| Sumitomo Mitsui Banking Corporation | Chiyoda City, Tokyo, Japan |
| United Overseas Bank Ltd. | Singapore |
| Westpac Banking Corporation | Sydney, Australia |
| Woori Bank | Jung-gu, Seoul, South Korea |
Top 5 International Bank
1. Citi Bank
Citibank, formerly known as City Bank of New York, is a global bank founded in New York (USA) in 1812. Citibank India was established in 1902 to provide a comprehensive range of banking, financial, and advisory services. as well as risk management solutions and transaction services. The bank has 43 branches and 750 ATMs across the country and serves more than 25 million people. The bank currently employs around 7,500 people in India under the leadership of Ashu Khullar. Citi India offers a wide range of financial products and services to consumers and institutions, including consumer banking and credit, corporate and investment banking, institutional equity research and sales, foreign exchange, credit cards, commercial banking, and treasury and business solutions. Citi India's balance sheet is considered one of the healthiest in the Indian banking sector, with a net NPA level of 0.55% as of March 31, 2018.| Founded | Established in 1902 |
|---|---|
| Location | Calcutta (Kolkata) |
| Chief Executive Officer | Ashu Khullar (Since 2019) |
2. HSBC India Limited
Hong Kong and Shanghai Banking Corporation owns HSBC Bank India. Based in Mumbai, the Indian subsidiary offers a wide range of services including retail banking, personal banking, debit and credit cards, loans, and currency exchange. It is classified as a foreign bank under the Banking Act, 1949 and is therefore regulated by the Reserve Bank of India (RBI). According to the Ministry of Corporate Affairs (MCA), the Indian branch has been operational since January 1, 1983. The bank, which has more than 24 branches across the country, is known for providing India with its first ATM in 1987.| CEO | Hitendra Dave (7 Jun 2021–) |
|---|---|
| Parent Organisation | HSBC |
| Subsidiary | HSBC Agency (India) Private Limited |
| Founded | 1853 |
| Headquarters | Mumbai |
3. Deutsche Bank
Deutsche Bank was founded in Frankfurt, Germany, as the name suggests. The Indian branch of the bank was established in the financial center of the country, Mumbai, in 1980. Currently, the bank has 17 branches across the country and a customer base of 5,000,000 people. The bank employs up to 11,000 people and offers all basic financial services.| CFO | James Von Moltke |
|---|---|
| COO | Frank Kuhnke |
| Headquarters | Frankfurt, Germany |
| CEO | Christian Sewing (Since 2018) |
| Founders | Ludwig Bamberger, Adelbert Delbrück |
4. Royal Bank of Scotland (NatWest Markets PLC)
In 1921, Royal Bank of Scotland (Royal Bank of Scotland) was established in India to provide a wide range of banking services. The bank, which is one of the leading international banks in India, currently operates there with ten branches conveniently located in major cities. The bank offers, among other things, financial advice, loan capital market services and foreign exchange services. It was recently revealed that the Indian subsidiary of the bank will henceforth be called NatWest Markets PLC.| Founded | 31 May 1727; 296 years ago |
|---|---|
| Headquarters | Edinburgh, Scotland |
| Chairman | Howard Davies |
5. DBS Financial
DBS Financial, basically a division of the Development Bank of Singapore, the main purpose of DBS is to facilitate financial transactions between Singapore and India. The bank was established in 1994 and is headquartered in Mumbai, India. DBS Bank offers personal and corporate banking services, including wealth management, through 12 Indian branches.| Founded | 16 July 1968 |
|---|---|
| Headquarters | Singapore |
| Key people | Peter Shah |
| CEO | Piyush Gupta |
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