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10 Foreign Banks with Maximum Branches in India

By SiliconIndia   |   Thursday, January 24, 2013   |    5 Comments
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Bangalore: According to Reserve Bank of India 2012 data number of foreign banks in India sums up at 41 foreign banks, 26 state-run lenders and 20 private-sector banks in the country. Despite many restrictions foreign banks continue to visit the country and open branches almost in each and every state. Kalpana Morparia, India CEO of J.P. Morgan explains the reason behind as, "The Indian banking sector is well regulated and offers considerable access to foreign banks", quoted Business Today.

Here are 10 Major foreign banks listed by Yahoo which constitute the maximum number of branches in India as of April 30, 2012.

1. Standard Chartered Bank
No. of branches in India: 96

Initially commenced in Africa, The Standard Bank merged with Chartered Bank of India in the year 1969. It has approximately 96 branches across the country and is among one of the big foreign bank operators in banking and financial services in India. Presently headquartered in London, United Kingdom, Standard Chartered Bank operates in consumer, corporate and institutional banking, and treasury services.

2. HSBC
No. of branches in India: 50

Headquartered in London, United Kingdom HSBC Holdings is the third largest publically owned bank and sixth largest public company. In 1959 HSBC acquired The Mercantile Bank of India which laid the foundation for HSBC to come to India. HSBC is credited with the tag of giving India its first ATM in 1987. It has approximately 50 branches across the country.

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Reader's comments(5)
1: pnb bank are there in india,,?
Posted by:kristy chin - 04 Aug, 2013
2: My Kolkata based client is looking for fund of $100 millions for his Sri Lanka 5000 apartments project. can you support me to finance him? reply to 09036569897
Posted by:Chiranjiv Kumar - 24 Apr, 2013
3: great post i need this information for my money making blog "allegiance income online . com"
Posted by:Mukesh - 07 Mar, 2013
4: Though Indian banks are providing many facilities, but still they need to improve a lot like these foreign banks.
Posted by:Pooja - 25 Jan, 2013
5: These banks are just opened for corporate sectors people not for our middle class poor people they only know how to manage their own funds for maximum profits but actuallly our indian banks have their own fault of not giving good services thats why the reason behind this mushrooming of Foreign banks branches in india
Posted by:Vinod Nainwal - 25 Jan, 2013
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