Which is the largest foreign bank in India?

By Ritesh|Updated : September 1st, 2022

Standard Chartered is the largest foreign bank in India. In the year 2020, there were about 46 international banks in India. Other well-known foreign banks possessing a large presence in India are Citi Bank, Deutsche Bank, and Barclays Bank. The headquarters is located in Hong Kong.

Largest Foreign Bank in India

  • An international bank is a financial institution that operates outside the home country and offers financial services to international customers.
  • A foreign bank branch should comply with the laws of both the host and home countries.
  • Branches of foreign banks can provide more loans than other subsidiary banks as their credit limits depend on total bank capital.
  • The policy of RBI on the presence of foreign banks in India is based on two basic principles: single mode of existence and reciprocity.
  • According to the Reserve Bank of India, there are currently 46 foreign banks in India (as of 14 July 2020).
  • In various sectors, India has attracted huge foreign direct investment inflows (FDI).
  • The term "foreign bank" generally refers to any activity of a United States banking organization located outside the United States.
  • The first foreign banks established a presence in the United States in the mid-1800s, with New York being the first state to license or regulate these institutions.

Summary:

Which is the largest foreign bank in India?

The largest foreign bank in India is Standard Chartered which has its headquarters in Hong Kong.

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