June 25, 2017

Foreign Banks in India

Information about Foreign Banks in India

FOREIGN BANKS IN INDIA

Information about Foreign Banks in India

FOREIGN BANKS IN INDIA

Information about Foreign Banks in India

The Banking scenario in India has considerably changed if the last decade is considered. The width and depth of financial system in India has improved. The new technology has also added to the improvement and has made banking transactions just a click away. Foreign Banks in India have brought an explaination of the services offered to the customers. They are not a new phenomenon in our nation as Standard Chartered Bank and Citi Bank started its operation in India way back in the nineteenth and early twenteeth century.

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Foreign Banks in India

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Foreign Banks have brought in India new banking practices and latest technology in India. They have in turn helped the domestic banks to improve their performance and offer better services. They have captured a large customer base due to their efficient services. They have changed the way public sector banks in India work. They have considerably improved the foreign exchange market. Reserve Bank of India’s recent initiatives have encouraged many international banks to open their operations in India.

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Here is a list of the Foreign Banks in India :

Some of the prominent banks that are going to open operations 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
  • Goldman Sachs

Information about Nationalised Banks of India