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Top 10 Foreign Banks In India In 2023

foreign banks

We all know that India is among the fastest-growing economies in the world. It has also received the highest foreign direct Investment in 2020. In 2023, around 46 foreign banks are operational in India. These banks are categorized as banks from a foreign country that is operating in India through its branches. In this article, we will discuss the Top 10 Foreign Banks in India in 2023.

foreign banks

  1. CitiBank - CitiBank, previously known as City Bank of New York, is a very popular multinational bank that has had its roots in New York since 1812. It was established in 1902 and offers many banking, investment, and advisory services. It has around 7,500 people as employees from India. 
  2. HSBC India - HSBC India is a subordinate of the Hong Kong and Shanghai Banking Corporation. It has more than 24 branches across the nation. In 1987, it offered India its first ATM. 
  3. Deutsche Bank - This bank has its roots in Frankfurt, Germany. In 1980, the Indian subsidiary of this bank was established in Mumbai. It offers elementary banking services and has around 11,000 employees. 
  4. Royal Bank of Scotland - The Royal Bank of Scotland offers a wide array of Banking Services. It was established in the year 1921 and has 10 branches in the metropolitan cities of India. It offers various services which include financial advisory, debt capital marketing services, and foreign exchange services. 
  5. DBS Bank - DBS Bank was founded in 1994. The headquarters of this Bank is located in Mumbai and has around 12 branches in India. 
  6. Barclays Bank - Barclays Bank has around 23,000 employees and was established in 1990. It has seven branches across India. It offers many leading services which include Commercial Banking, loans, credit cards, and Treasury solutions. 
  7. Bank of America - Bank of America has around 5 branches in the nation. It does a commendable job of supporting the international transactions between India and America. 
  8. Bank of Bahrain and Kuwait - It was founded in 1971 and boasts around 4 branches in the country. It serves both Residents as well Non- residents Indians. 
  9. Doha Bank - Doha Bank was established in 2014 and has branches in cities like Mumbai, Chennai, and Kochi. It is known for offering the best services which include NRI Banking, Personal Banking, Corporate Banking, and many more. 
  10. Standard Chartered Bank - The Standard Chartered Bank has established its branches in Mumbai, Kolkata and Shanghai. Being among the major foreign banks in India, it provides many services. 

So, these are the top 10 foreign Banks in India in 2023.