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Foreign Banks in India always brought an explanation about the prompt services to customers.

After the set up foreign banks in India, the banking sector in India also become competitive and accurative. New rules announced by the Reserve Bank of India for the foreign banks in India in this budget has put up great hopes among foreign banks which allows them to grow unfettered. Now foreign banks in India are permitted to set up local subsidiaries. The policy conveys that forign banks in India may not acquire Indian ones (except for weak banks identified by the RBI, on its terms) and their Indian subsidiaries will not be able to open branches freely. Please see the list of Foreign banks in India till date. List of Foreign Banks in India
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ABN-AMRO Bank Abu Dhabi Commercial Bank Bank of Ceylon BNP Paribas Bank Citi Bank China Trust Commercial Bank Deutsche Bank HSBC JPMorgan Chase Bank Standard Chartered Bank Scotia Bank Taib Bank

ABN AMRO Bank, India
ABN AMRO Bank started its Indian operations in 1991 in Delhi and subsequently expanded to other cities such as Chennai, Bangalore, Hyderabad, Baroda, Pune and Noida. The bank focuses mainly on three business segments namely Wholesale Clients, Commercial & Consumer Clients and High Net Worth individual clients. ABN AMRO enjoys high patronage corporate customers due to its comprehensive Global Transactions Services. ABN AMRO provides investment banking solutions through its strong team of experts in Corporate Finance & Global Financial Markets and is currently one of the best banks in India. Financial Services ABN AMRO Bank has recently introduced its Individual Banking Solution with bunch of services such as Portfolio Advisory & Management services and Custodial Services. ABN AMRO introduced two types of Credit Cards in India and has considerable customer base in this segment. These credit cards come with lots of packages and insurance offers. The bank is also actively involved in providing microfinance solutions to socially weaker sections. Under this scheme the bank provides credit facilities to economically backward women in rural areas.

ABN AMRO Bank has received various awards for its excellence. ABN AMRO Bank has been adjudicated as India’s Top Banks of 2009 in Priority Sector Lending by Dun & Bradstreet. It was the recipient of Best Cash Management Award in 2001 and Best Foreign Bond House Award in 2000.

Abu Dhabi Commercial Bank, India
Besides UAE, the Abu Dhabi Commercial Bank has branches only in India. ADCB is one of the most frequently used foreign banks in India by people working in the Middle East. ADCB has two branches one at Mumbai, the commercial capital of India and the second the other at Bangalore, the Silicon Valley of India. Strong trading ties between India and UAE and the large number of NRI population in Emirates are the boosting factors for ADCB growth in India. Opening up of economy and globalization has facilitated growth of foreign banks in India. Taking advantage of favorable economic climate, ADBC has spread its wings in India. Financial Services Abu Dhabi Commercial Bank offers various financial services to different segments such as Individuals, SMEs, and Big Corporate. As a customer centric organization ADCB India provides efficient bank services to its customers and enjoys a strong customer hold of over 14,000 consisting individual professionals as well business firms. ADCB has very strong reputation among NRI due to its excellent financial services. Abu Dhabi Commercial Bank services and products include Deposit Accounts, ATM Services, Corporate Banking, Loans, NRI Banking, Depository Services and Portfolio services. ADBC has recently introduced specialized NRI service, Portfolio Investment Scheme. The new Foreign Currency Loans in India against "FCNR (B)" Deposits scheme received good response from NRI. Under this scheme now NRIs can apply for a foreign currency loan in India against FCNR (B) deposits. ADCB is also providing Foreign Exchange facilities to resident Indians for undertaking travel aboard. An individual can avail up to $100,000 Foreign Exchange for travel with self certifications. Students can also benefit by this scheme to fund their study abroad. ADCB provides International Credit cards that can be used anywhere in the global ATM network.

Bank of Ceylon in India
Bank of Ceylon in India opened its office at Chennai in 1995. This is an important foreign bank in India as there are large numbers of Indian origin Tamil ethnic people living in Sri Lanka. The bank provides easy access to funds and resources to both Sri Lankan and Indian citizens. It provides complete range of banking and financial services with professional touch. The offerings of this bank ranges from Retail and wholesale banking, investment banking, credit/debit cards, custodial services and an array of value added services. Financial Services The NRE Savings Banks Accounts feature foreign currency remittance and balance transfer. NRE Term deposits can be done with the foreign currency and subsequently can be converted to Indian rupees. This bank in India is specialized in corporate banking in various industries such as tea, manufacturing, healthcare, rubber, construction, shipping, financial services and consumer durable. The bank plays a leading role in foreign exchange market.

Bank of Ceylon clientele includes many large multinational corporations. The bank gets significant business from its migrant employees working aboard through their remittance of foreign currency. The international division of Bank of Ceylon manages the network of Gold and Silver shops in leading international airports.

Citi Bank in india
Citi Bank is a pioneer private bank. It started its Indian operations way back in 1902 at Kolkatta, the erstwhile capital of British Raj in India with an investment of around US$ 1 billion. Citi Bank N.A. is the largest foreign banks in India and operates more than 30 branches spanning across 20 cities offering various financial services and products under its various wings. Citi Bank offers complete range of financial products and services to corporate and industries under the brand name of “Citigroup”. “Citi Bank” and “CitiFincials” are other wings of Citi Bank offering various ranges of consumer finance and investment banking. Citi Bank has a very strong customer base in India with 3,500,000 retails customers, over 23,000 SMB and 950 large corporate customers. Financial Services Citi Bank is prominent commercial banks in India and plays a very important role in Indian banking system. Citi Bank financial services include treasury management, cash management, trade finance, foreign exchange services, portfolio management and securities management. Apart from traditional banking services Citi Bank offers Insurance products, Housing Loans, Vehicle loans and other type of retail consumer loans. The bank offers various types VISA and MASTER credit cards and one of the largest credit card companies in India. This bank also issues exclusive cards on behalf of certain airlines, hotels, and oil companies. Citi Bank is the pioneer in providing Net Banking and Online Banking services in India. Citi Bank N.A. was selected as the best foreign bank in India in 2009 by Dun & Bradstreet for its best performances in 2008.

BNP Paribas Bank in India
BNP Paribas Bank is one of the earliest foreign banks in India. It opened its office at Calcutta (Kolkotta) as early as 1860, and the bank operated in the name of Comptoir National d’Escompte de Paris (CNEP). At present BNP Paribas Bank have its offices in all major cities such as New Delhi, Mumbai, Chennai, Bangalore, Ahmedabad, Pune and Hyderabad. BNP Paribas Bank offers spectrum of products and services to cater every section of people. Its product ranges cover Corporate Banking, Personal Banking and Retail Banking. Apart from traditional banking services, this bank in India also provides various value added services such as net banking, anywhere banking, insurance, mutual funds, credit cards, etc. Financial Services PNB Paribas Bank offers Personal Banking solutions such as wealth management services, financial advisory services, equity trading, custodian services etc. For the corporate customers the bank offers Trade Finance, Treasury Management services, Cash Management services, Asset management Services and Foreign Exchange Services. It also helps large corporate and business entities to access foreign financial resources from various international markets through its international banking networks. In the Retail banking section it provides various investment options such as mutual funds, equity investing, home loans and leasing services.

China Trust Commercial Bank in India
China Trust Commercial Bank is one of the prominent branches among the foreign banks in India. It opened its office in 1996 and since then is playing a major role in promoting trade and commerce between India and China. As India and China are the emerging economic powers of the world, the China Trust Commercial Bank has got a very active role in future. This bank offers various banking and financial services to Indian public and business community. With its innovative products and world class services, this bank is regarded as one of the most efficient foreign banks in India. This bank has the highest credit rating as A3 Financial Services The main thrust area of China Trust Commercial Bank in India is whole sale banking. The bank has positioned various ranges of products for corporate and institutional clients. The bank offers various financial services such as working capital, foreign exchange services, treasury management, cash management, etc. The bank also provides non fund based services such as issue of Letter of Credit, Bank Guarantee, Collection of documents etc. There are good number of value added services such as loan syndication services, Project Financing, Channel Financing, Vendor Financing and Corporate Salary Accounts.

China Trust Commercial Bank in India
China Trust Commercial Bank is one of the prominent branches among the foreign banks in India. It opened its office in 1996 and since then is playing a major role in promoting trade and commerce between India and China. As India and China are the emerging economic powers of the world, the China Trust Commercial Bank has got a very active role in future. This bank offers various banking and financial services to Indian public and business community. With its innovative products and world class services, this bank is regarded as one of the most efficient foreign banks in India. This bank has the highest credit rating as A3 Financial Services The main thrust area of China Trust Commercial Bank in India is whole sale banking. The bank has positioned various ranges of products for corporate and institutional clients. The bank offers various financial services such as working capital, foreign exchange services, treasury management, cash management, etc. The bank also provides non fund based services such as issue of Letter of Credit, Bank Guarantee, Collection of documents etc. There are good number of value added services such as loan syndication services, Project Financing, Channel Financing, Vendor Financing and Corporate Salary Accounts.

JPMorgan Chase Bank in India
JPMorgan Chase Bank started its operations in India date back to 1930. JPMorgan Chase Bank is one of the foreign banks in India to fund the shareholders of ICICI since 1955. JPMorgan Chase Bank core areas of business are whole sale investment banking and financial advisory services for FII. This bank is also an important player in future, options and derivative markets and also a leading dealer to RBI. Other specialty areas include treasury services and money market operations. JP Morgan Chase Bank has appointed more than 250 highly qualified financial professionals in India and also over 7000 offshore facility.

Financial Services JPMorgan Chase Bank provides various financial services including Investment Banking, Equities, Futures, Options, Money Markets , Treasury services, Cash Management Services, Asset Management Services, Invest Research Analysis, etc. As a leading global investment banker JPMorgan Chase Bank provides full fledged access to Indian investors to various financial markets such as New York, London, and Hong Kong. JPMorgan Chase Bank also provides advisory services to corporate to restructure their finances, raising finance through various instruments and place them in proper utilization. JPMorgan Asset Management Co, as subsidiary of JPMorgan Chase & Co has launched and managed various Mutual Fund schemes in India.

HSBC Bank in India
HSBC Bank started operation in India at Bombay (Mumbai) in 1953 after acquiring Mercantile Bank of India. Subsequently offices were opened in major cities such as Madras (Chennai), Calcutta (Kolkatta), Kandy, Singapore, Hong Kong and London. Today HSBC Bank is a major foreign bank in India and having offices more than 47 locations and 131 ATM Centers across India. This bank in India offers complete range of products with world class service to its corporate as well as individual customers. HSBC has a steadily growing customer base, due to its sophisticated and efficient financial services. HSBC Bank operates in India under various wings such as, HSBC Asset Management (India) , HSBC Global Resourcing, HSBC Electronic Data Processing (India) , HSBC Insurance Brokers (India) , etc., Finical Services HSBC Bank provides various types of banking and financial products aiming at different type of customer segments. In the Personal Banking front HSBC offers Personal Banking, Credit Card and Debit Card, Consumer loans, etc. Technologically advanced HSBC cards provide instant access from large number of domestic and international ATMs. It also provides online banking systems and Anywhere Banking System. HSBC offers wide range of consumer banking products such as Housing loans, Vehicle loans and Personal loans. For corporate customers HSBC offers various types of Banking Accounts, loans and advances. Treasure management, cash management, investment banking, foreign exchange management, forign trade credit are some of the services offered to business sector. HSBC Bank has won various awards for is excellence and services. Recently HSBC was adjudicated as the best bank in 2009 for SME Financing and also for Best Asset Quality.

TAIB bank in India
Realizing the favorable investment climate and significance of foreign banks in India in 90’s, taib Bank opened its first subsidiary taib Capital Corporation Ltd (TCCL) in 1995. Taib Bank was the first gulf based financial institution to set up its subsidiary in India. Since then it performed as an active Foreign Intuitional Investor in Indian stock markets. As an expert in wealth management services TCCL offered its advisory services to Taib Securities Mauritius who are naive to Indian markets. Taib Bank has launched an India specific Mutual Fund called Everest Fund mainly aimed at retail investors. Everest Fund is managed by TSML with the assistance and guidance from TCCL.

Financial Services TCCL is a leading merchant bank in India. With its offices in Bangalore, Mumbai, Bahrain, Turkey, UK, US, Taib Bank is providing world class investment and wealth management solutions to HNI Clients, Corporate and Institutional Investors. TCCL offerings in India include managing funds, private placements, brokerage services and advisory services. Taib Securities Ltd is a member in National Stock Exchange proving access to NSE securities. TAIB group’s other services include Personalized Trust Services, Wealth Management services, TCCL has resisted with SEBI for portfolio management. It provides advisory services to international investors on various investment options in India.

Scotia Bank in India
Scotia Bank is one of the main foreign banks in India. This bank operates five branches in India located in New Delhi, Mumbai, Bangalore, Hyderabad and Coimbatore. Under the brand name of “ScotiaMocatta” Scotia Bank offers various range products and financial services to all type of customers such as loans, mortgages, credit cards, investment products, insurance products. For small and medium sectors, this bank in India provides working capital, medium and long term loans, bank guarantee, over draft facilities, etc. For business houses Scotia Bank offers Investment Banking, Financial Advisory Services, Treasury Management, Cash Management, Over Draft, Foreign Exchange, Currency Conversion and Letter of Credit. Recently Scotia Bank has planed to enter into bullion market for whole sale trading and hedging commodities such as gold, silver, platinum, etc. This bank also has teamed up with banks such as HDFC Bank for mutual customer reference. As HDFC bank has large customer base in India, the tie-up will benefit Scotia Bank to access local customers, on the other hand Scotia’s strong international customer base will benefit HDFC Bank as well. Scotia Capital is another wing of Scotia Bank group that provides whole sale banking solutions to corporate, institutions and Governments as well. Scotia Capital’s offerings include corporate lending, advisory services on sale, merger and acquisition, equity underwriting, etc. The bank also gives access to capital markets through derivatives, debt instruments, fixed income, etc.

Standard Chartered Bank in India
The first branch of Standard Chartered was opened in Calcutta (Kolkatta) in the year 1858, the erstwhile commercial capital of India. The opening of Suez Cannel in 1869 for trade facilitated opening of 2nd branch at Bombay (Mumbai) and was made as the head office for Indian operations. The bank today operates over 83 locations. Its customer base has grown steadily and today it enjoys a customer base over 2.4 million including corporate as well as retail customers. Fincial Services Standard Chartered offers various financial products and services aiming different types of customers. This bank in India provides spectrum of services with its sophisticated and technologically advanced infrastructure and fully trained staff.

The services include Personal Banking, Debit / Credit Cards, Portfolio Management, etc. Apart from conventional banking services, it also is engaged in providing Insurance, Mutual Funds, Finical Advisory Services, Asset and Wealth management services. For business and corporate customers it offers an array of products and services such as Cash Management, Treasury Management, Custodian Services, Trade Finance, Foreign Exchange Management, Venture Capitals, etc. Besides regular banking services, it also provides round the clock Phone Banking Services and Online Banking services.

Scotia Bank in India
Scotia Bank is one of the main foreign banks in India. This bank operates five branches in India located in New Delhi, Mumbai, Bangalore, Hyderabad and Coimbatore. Under the brand name of “ScotiaMocatta” Scotia Bank offers various range products and financial services to all type of customers such as loans, mortgages, credit cards, investment products, insurance products. For small and medium sectors, this bank in India provides working capital, medium and long term loans, bank guarantee, over draft facilities, etc. For business houses Scotia Bank offers Investment Banking, Financial Advisory Services, Treasury Management, Cash Management, Over Draft, Foreign Exchange, Currency Conversion and Letter of Credit. Recently Scotia Bank has planed to enter into bullion market for whole sale trading and hedging commodities such as gold, silver, platinum, etc. This bank also has teamed up with banks such as HDFC Bank for mutual customer reference. As HDFC bank has large customer base in India, the tie-up will benefit Scotia Bank to access local customers, on the other hand Scotia’s strong international customer base will benefit HDFC Bank as well. Scotia Capital is another wing of Scotia Bank group that provides whole sale banking solutions to corporate, institutions and Governments as well. Scotia Capital’s offerings include corporate lending, advisory services on sale, merger and acquisition, equity underwriting, etc. The bank also gives access to capital markets through derivatives, debt instruments, fixed income, etc.

RBI recent initiatives and guidelines for foreign banks in India encouraged many international banks to open their operations in India. By the year end 2009 few more international banks are planning to open their operational in India. Some of the prominent names that are going open operation in India are;

Royal Bank of Scotland Switzerland’s UBS US-Based GE Capital Credit Suisse Group Industrial and commercial Bank of China

Merrill Lynch (in association with DSP) Goldman Sachs (with Kotak Mahindra)