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A Selective Study on Foreign

Banks in India
Submitted By:Apporv Srivastava
Ayush Aggarwal
Ayush Narayan
Ayushi Pandey

4 corers to Rs. The Ban was however lifted in 1980. their assets growth rate was 22.History of Foreign Banks in India Banking in India started with setting up two banks in last decade of 18 th century. 261. At present almost all the international banks are operating in India.2. the entry of foreign banks in Indian was banned. which finally became State Bank of India. The Allahabad bank established in 1865 and still functioning today is the oldest joint stock bank still functioning in India. In 1980. The Comptoire d’Escompte de Paris opened a branch in Calcutta in 1860. particularly in Calcutta. As on June 30 th June 2012 there is 34 foreign . and so became a banking center. Then came bank of Calcutta (June 1806). During 1960-80. The Mercantile Bank In India. However globalization and economic policies were implemented in late 1980’s. the chartered Banks.5 percent as against 4 percent in 1965. the Grind lays Bank.Initially these banks were started merely to finance India’s foreign trade. the first National City Bank Of New York. the total assets of foreign banks had increased over five times from RS. Standard CharteredBank started its operation in 1858 and citi bank opened its branch in India in 1902. then a French colony. The Lloyds Bank. are some of the prominent foreign banks which are presently operating in India Foreign banks too started to arrive. in the 1860s. etc. branches in Madras and Pondicherry. mainly due to the trade of the British Empire. and another in Bombay in 1862.411. Calcutta was the most active trading port in India.0 corers. HSBC established itself in Bengal in 1869. At the time of bank nationalization in 1969. there were 21 foreign banks with 136 branches in India.The Bank of Tokyo. followed. The banks were The General Bank of India (1786) and Bank of Hindustan (1790) both of them are known defunct. Which encouraged many international banks to open their branches in India. At the end-March 1987. Similarly Hong Kong and Shanghai Banking Corporation started functioning in India since 1953.

 Citi helped lay the foundation of the Indian software industry by establishing Citicorp Overseas Software Ltd. and in 2013 moved its headquarters to The First International Financial Centre (FIFC).000 small and mid-sized companies across India. a world-class environmentally friendly building.  The bank operates 45 Citibank branches in 28 cities and is the preferred banker to 45. Pramit Jhaveri. the CEO of Citi INDIA.  Citi India added two more green certified buildings to its office premises in 2012. and Iflex Solutions Ltd. .Citibank  Started its operations in India in the year 1902 in Kolkata and is currently headed by Mr.

adopted by NSE.Citibank Timeline of Events in India  1985: First bank to launch a dedicated platform focused on serving the unique banking and wealth management needs of the Non Resident Indian.  1993/1998/2001: First to offer 24-hour Phone banking/Internet banking/SMS alerts. the industry-driven international messaging standard.  2012: First to roll out SMS-to-Call and Click-to-Call. instantly connecting customers to Citibank officers. .  2009: First to bring to India next-generation contactless Credit Card payments based on Near Field Communications technology with Citi Tap and Pay.  1986: Pioneered Cash Management.  2010: First brokerage house to launch Financial Information Exchange (FIX) protocol.  2012: Launch of India's first airline agnostic card through Citi PremierMiles.

 2012: Launch of market-first mobile-banking receivables solution Citi Mobile Collect. a 'by invitation only' credit card.  2013: Launch of the First Fully Integrated and Certified Mobile Payment Solution. Mumbai.  2015: Launched ATM funds transfer via IMPS  2015: Lauched Citi MasterPass.  2013: Instant Credit Card issuance at Mumbai's first mall-based smartbanking branch at Palladium. Lower Parel.Citibank Timeline of Events in India(contd. Citi's first global credit card and Citi Ultima. India’s first global wallet .  2014: Citi Prestige.)  2012: First Smart Banking Branch launch in India.

 Export-Import Bank of India for a USD500 million 2.  Bank of India for a USD750 million 3. The transaction was the first USD bond issuance by an Indian Financial Institution in 2015.  Reliance Industries Ltd for a USD1.125%.Prominent Deals of Citibank Debt Capital Market (Citi has been joint book runner to) :  Adani Ports and Special Economic Zone Limited for its inaugural USD650 million 3.0 billion 10-year Fixed Rate Senior Unsecured Notes under the 144A/Reg S offering format. . Citi was also Joint Global Coordinator on the deal.75 million 7-year Senior Secured USD bond at a coupon of 6. Citi was also Joint Global Coordinator on the deal.50% 5-year Senior Unsecured Fixed Rate Notes Offering.5-year Fixed Rate Senior Unsecured Notes Offering under the Reg S format.000% 10-year Fixed Rate Senior Unsecured Notes Offering under the Reg S format. Citi was also Joint Lead Manager on the deal.  Reliance Industries Ltd for a USD750 million 30-year Fixed Rate Senior Unsecured Notes under the 144A/Reg S offering format.  Bharat Petroleum Corporation Limited for a USD500 million 4.750% 5.  Delhi International Airport Private Ltd for an inaugural USD288.125% 5-year Fixed Rate Senior Unsecured Notes Offering under the Reg S format. Citi was also Joint Lead Manager on the deal.

Capital Markets.USD270 million (3.2 billion Rights Offering . Citi was the designated lead coordinator anchoring all aspects of the transaction.7%) in March 2015. Led the global marketing effort to position the company as a unique Indian in-cinema advertising play.) Equity Capital Market (Citi has been sole book runner to) :  Apollo Private Equity to sell their 7. investment banking and FX. brokerage. given no listed peers in India or globally.7%) in June 2015 and USD310 million (4. Depositary and FX services to ensure a smooth and flawless execution. Citi provided a one-stop solution to Volvo across custody.Prominent Deals of Citibank(contd.  AB Volvo.4% stake in Eicher Motors (“Eicher”) through 2 block trades .4% stake in Dish TV through 2 block trades .the first IPO in the digital cinema distribution and in-cinema advertising business in India. to sell their 8.  UFO Moviez’s INR 6 billion Initial Public Offering ("IPO") .4%) and USD42 million (3. providing a comprehensive suite of services to Tata Motors across Investment Banking. Citi has been joint book runner to:  Tata Motors' USD1.0%) block trades. Both trades were executed at tight discounts despite the recent sharp run up in the Dish TV stock.USD77 million (4.the first Indian rights offering involving multiple equity securities and the first SEC registered ADR rights offering by an Indian corporate. .

 One97 Communications (which runs Paytm. for an enterprise value of INR50. and is the premium lender for the diamond and jewellery industry in India.000 million (approximately USD775 million).P. The business being transferred has total assets of approximately INR 45 billion (USD723 million). India's largest mobile payment and commerce platform) on a minority stake sale to Ant Financial Services Group of China.  ABN Amro Bank N.Prominent Deals of Citibank(contd.15 billion. for a total consideration of USD2.15 million tones.V.  Reliance Industries Ltd. on the sale of its diamond and jewellery activities to IndusInd Bank Limited. to Birla Corporation Limited.  Center bridge Partners LP on its acquisition of Senvion SE.  The Rohatyn Group and other shareholders of Share khan Limited (India’s leading online retail broking house) on the proposed sale of their 100% stake in Share khan to BNP Paribas. financing the flow of goods through the diamond value chain. and Pioneer Natural Resources on the announced sale of 100% interest in EFS Midstream LLC to Enterprise Products Partners L. a 100% subsidiary of Suzlon Ltd in an all-cash transaction. subject to the approval of the Competition Commission of India.)  Mergers & Acquisitions: Advised:  Lafarge Holcim on the proposed divestment of certain of its assets in India with an annual cement capacity of 5. valued at EUR 1 billion. .

ABN AMBRO BANK .

Gurgaon. Delhi. Hyderabad.  Its offices located in all the prominent cities of the country. Mumbai. Kolkata. manages the Corporate and Institutional Banking and Private Banking services of the bank. .ABN AMBRO BANK Presence in India  The ABN AMRO Bank registers a comprehensive presence in India. such as Bangalore.  The bank also provides a diverse range of high quality Portfolio Advisory Services along with a comprehensive transaction execution platform in India. Baroda. Chennai. Lucknow. ABN AMRO (India) has branches in many cities of India.  Its office located at Nariman Point.  its New Delhi office located at Barakhamba Road governs matters. governs the Personal and Business Banking.  The bank also offers specialized services to international diamond and jewellery merchants. and its Mumbai office serves as the regional office for catering to the needs of diamond and the jewellery merchants in the Indian Sub-continent.

ABN AMBRO BANK(contd. more than 390.  It is the largest one among the same being offered by foreign banks in the country.  Till the month of April 2009. the bank deploys intermediary agencies called microfinance institutions for delivering micro loans less than USD 200 to its target consumer group of poor women with rural background.  Under the program.)  Microfinance Program  The ABN AMRO Bank has also initiated its Microfinance program in India.000 customers spanning across 16 states in India were receiving micro financing small loans through its 26 Micro .

RBS BANK .

which was established in 1695 and is also based in Edinburgh. . investment banking. In the year 2007.THE ROYAL BANK OF SCOTLAND(RBS)  The Royal Bank of Scotland was founded in 1727 and has a history of over three hundred years. including their businesses in India. It offers integrated consumer and business banking services including transaction banking. Scotland. provides branch-banking facilities in the United Kingdom. risk management. including multi-national corporations (MNC) and financial institutions. The bank has a number of branches spread in many large towns and cities throughout England and Wales. The bank is a part of retail banking subsidiaries of the Royal Bank of Scotland Group and along with NatWest and Ulster Bank.  The Royal Bank of Scotland has around 700 branches. corporate houses and institutions. ABN AMRO. The headquarters of Royal Bank of Scotland is in Edinburgh. The Royal Bank of Scotland and the Royal Bank of Scotland Group are completely separate from the Bank of Scotland. With its rich history. the Royal Bank of Scotland Group strengthened its global presence through purchasing several parts of the Dutch bank. It provides banking services for individuals. Scotland. The Royal Bank of Scotland Group provides a strong support to large enterprises. private banking and asset management. mainly in Scotland. it has become one of the largest financial service groups in the world.

the Royal Bank of Scotland is providing a diverse range of product offerings including personal loans. The bank is looking forward to being a leading player in the Indian asset management industry. New Delhi. Delhi and Chennai and plans to be a major competitor in the Indian market.  Products and Services: The Royal Bank of Scotland has several extensive operations in Mumbai. fixed income and foreign exchange products and services. With the help of its comprehensive research and diverse range of investment products. The bank is also providing a wide range of services such as transaction banking. Gurgaon and Surat branches. which will significantly meet the daily financial needs of over a million personal banking clients in India. including sales and trading. credit cards. structured lending and commodity financing. investment and insurance services. Baroda.3 million customers.)  Presence in India: The history of Royal Bank of Scotland in India goes back to 1921. Since then. with more than 3. derivatives.THE ROYAL BANK OF SCOTLAND(contd. Mumbai. fixed income origination. money markets and structured . equity capital market and mergers & acquisitions (M&A) advisory professionals. the bank has expanded significantly across the country. Using its global reach and expertise of research team. Hyderabad. Chennai.000 staff in Kolkata. There are total of 28 branches throughout the country with 1. Bengaluru. Pune. Noida.  Apart of these services. sales and trading. equities. savings accounts. The bank's asset management segment in just two years of its initial operations in the country has emerged to be amongst the fastest growing asset managers. the bank has made some of the biggest and most innovative landmark transactions in India for the corporate and institutional clients. financial planning. the bank is offering clients investment options in fixed income.