List of Scheduled Foreign Banks in India

In this post, you can able to understand what is Foreign Bank, how it is functioning in India and so on. We have compiled a list of Foreign Banks in India. We have also given the official website of all foreign banks in India.

What are Foreign Banks?

Foreign Banks are international banks doing banking business in India through its branches. Generally, their headquarters are located in other countries. Foreign banks are required to follow the regulations of both the home country and host countries.  International banks are operating in India either as a branch mode or WOS (Wholly-owned Subsidiary) mode.

RBI policy towards presence of foreign banks in India is based upon two basic principles. They are reciprocity and single mode of presence. By reciprocity, it means that overseas banks are given near national treatment in India only if their home country allowed Indian banks to open branches there without much restrictions. By single mode of presence, it means that RBI allows either of the branch mode or a wholly owned subsidiary (WOS) mode in India. Some of the other policy guidelines of RBI towards foreign banks are as follows:

• Foreign Banks have to adhere to mandated Capital Adequacy requirements as per Basel Standard.
• Initially, they should have to meet minimum capital requirement of USD 25 billion.
• Foreign Banks should also need to maintain minimum CRAR at 10%
• Priority sector targets for International banks in India is 40%.
• Further, Foreign Bank must lend 18 % of net ANBC towards agricultural loans as a part of the Priority sector target.
• They also have to follow other norms as set by Reserve Bank of India from time to time.

What is Scheduled Foreign Bank?

Scheduled Banks in India are those banks which have been included in the Second Schedule of Reserve Bank of India (RBI) Act, 1934

How many foreign banks are in India?

Presently, as per Reserve Bank of India’s banks list, there are 46 foreign banks are functioning in India.

List of Foreign Banks in India

The following is the list of foreign banks in India which we have collected from various sources. We have also given the official website of all International banks in India.