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45 Best Foreign Banks in India with Headquarters (2023)
The advent of globalization has increased the presence of foreign banks in India, offering a variety of banking services and products to customers. Foreign banks began making their presence felt in the 1970s and with reforms initiated in the 1990s, the sector has grown dramatically.
These international banks in India offer a variety of services that include savings accounts, current accounts, credit cards, home loans, and personal loans. In addition, they provide investment banking services and corporate banking services. They are also known for their sophisticated online banking platforms and mobile applications. These allow customers to manage their money safely and conveniently.
Foreign banks offer competitive interest rates than domestic banks and often have lower charges and fees. They are particularly popular with those looking to take advantage of the current low-interest rate environment and invest their savings. Moreover, many foreign banks offer attractive cash-back offers and promotional discounts on their products and services.
The presence of foreign banks has brought in greater competition in the Indian banking sector. This has helped to bring down the overall cost of banking services and make them more accessible to ordinary citizens. In addition, foreign banks have been instrumental in introducing new technology and innovative products in the Indian market. This has had a positive impact on the overall quality of banking services provided.
India’s banking sector overall is becoming increasingly open and welcoming to foreign players. With greater liberalization, foreign banks have been allowed to increase their presence in the country, which is expected to further strengthen the sector and benefit the economy.
What is Foreign Bank?
Foreign banks are banks located outside of their country of origin. These banks typically provide the same services as domestic banks within the local jurisdiction, but may also offer additional products and services. They may offer services such as higher interest rates on deposits, international transfers, and access to global financial markets.
List of Foreign Banks in India with Headquarters
| S.No | Foreign Bank | HeadQuarter | HQ – India |
|---|---|---|---|
| 1. | AB Bank Ltd. | Dhaka, Bangladesh | Mumbai (Maharashtra) |
| 2. | Abu Dhabi Commercial Bank Ltd. | Abu Dhabi, UAE | Mumbai (Maharashtra) |
| 3. | American Express Banking Corporation | New York, United States | Gurgaon (Haryana) |
| 4. | Barclays Bank PLC | London, United Kingdom | Mumbai (Maharashtra) |
| 5. | Bank of America | Charlotte, North Carolina, United States | Mumbai (Maharashtra) |
| 6. | Bank of Bahrain & Kuwait BSC | Manama, Bahrain | Mumbai (Maharashtra) |
| 7. | Bank of Ceylon | Colombo, Sri Lanka | Chennai (Tamil Nadu) |
| 8. | Bank of China | Beijing, China | Mumbai (Maharashtra) |
| 9. | Bank of Nova Scotia | Toronto, Canada | Mumbai (Maharashtra) |
| 10. | BNP Paribas | Paris, France | Mumbai (Maharashtra) |
| 11. | Citibank | New York, United States | Mumbai (Maharashtra) |
| 12. | Rabobank | Utrecht, Netherlands | Mumbai (Maharashtra) |
| 13. | Credit Agricole Corporate & Investment Bank | Paris, France | Mumbai (Maharashtra) |
| 14. | Credit Suisse A.G | Zürich, Switzerland | Mumbai (Maharashtra) |
| 15. | CTBC Bank Co. Ltd. | Nangang District, Taipei, Taiwan | New Delhi |
| 16. | DBS Bank India Ltd. | Singapore | Mumbai (Maharashtra) |
| 17. | Deutsche Bank | Frankfurt, Germany | Mumbai (Maharashtra) |
| 18. | Doha Bank | Doha, Qatar | New Delhi |
| 19. | Emirates Bank NBD | Dubai, UAE | Mumbai (Maharashtra) |
| 20. | First Abu Dhabi Bank | Abu Dhabi, UAE | Mumbai (Maharashtra) |
| 21. | FirstRand Bank Ltd. | Johannesburg, South Africa | Mumbai (Maharashtra) |
| 22. | HSBC Ltd. | London, England, UK | Mumbai (Maharashtra) |
| 23. | Industrial & Commercial Bank of China Ltd. | Xicheng District, Beijing, China | Mumbai (Maharashtra) |
| 24. | Industrial Bank of Korea | Jung-gu, Seoul, South Korea | New Delhi |
| 25. | J.P. Morgan Chase Bank | New York, USA | Mumbai (Maharashtra) |
| 26. | JSC VTB Bank | Moscow, Russia | New Delhi |
| 27. | KEB Hana Bank | Seoul, South Korea | Chennai (Tamil Nadu) |
| 28. | Kookmin Bank | Seoul, South Korea | Gurgaon (Haryana) |
| 29. | Krung Thai Bank Public Co. Ltd. | Watthana, Bangkok, Thailand | Mumbai (Maharashtra) |
| 30. | Mashreq Bank PSC | Dubai, UAE | Mumbai (Maharashtra) |
| 31. | Mizuho Bank Ltd. | Chiyoda City, Tokyo, Japan | Mumbai (Maharashtra) |
| 32. | MUFG Bank, Ltd. | Chiyoda City, Tokyo, Japan | Mumbai (Maharashtra) |
| 33. | NatWest Markets PLC | London, United Kingdom | Chennai (Tamil Nadu) |
| 34. | PT Bank Maybank Indonesia TBK | Senayan, Jakarta, Indonesia | Mumbai (Maharashtra) |
| 35. | Qatar National Bank (Q.P.S.C.) | Doha, Qatar | Mumbai (Maharashtra) |
| 36. | Sberbank | Moscow, Russia | New Delhi |
| 37. | SBM Bank (India) Limited | Port Louis, Mauritius | Mumbai (Maharashtra) |
| 38. | Shinhan Bank | Jung-gu, Seoul, South Korea | Mumbai (Maharashtra) |
| 39. | Societe Generale | Paris, France | Mumbai (Maharashtra) |
| 40. | Sonali Bank Ltd. | Dhaka, Bangladesh | Kolkata (West Bengal) |
| 41. | Standard Chartered Bank | London, England, UK | Mumbai (Maharashtra) |
| 42. | Sumitomo Mitsui Banking Corporation | Chiyoda City, Tokyo, Japan | Mumbai (Maharashtra) |
| 43. | United Overseas Bank Ltd. | Singapore | Mumbai (Maharashtra) |
| 44. | Westpac Banking Corporation | Sydney, Australia | Mumbai (Maharashtra) |
| 45. | Woori Bank | Jung-gu, Seoul, South Korea | Mumbai (Maharashtra) |
15 Top Foreign Banks in India with Headquarters
We have listed 15 Foreign Banks in India with Headquarters that you can use to operate your financial transactions and more. Let us begin.
1. HSBC Bank
One of the major Foreign Banks in India and banking companies in the world is HSBC, it was founded on 3 March 1865, in Hong Kong. It is headquartered in London, United Kingdom. The head office of HSBC Bank in India is located in Mumbai. In India, they have 150 ATMs and 50 operating units.
They create new routes to serve their clients by utilizing their special experience, skills, diversity, and insights. They integrate people, concepts, and resources that foster development and success.
No. of branches in India – 50
Interest Rates
- Personal Loan: 9.75% to 16.20%
- Home Loan: 8.35%
Website Link: HSBC Bank
2. AB Bank
AB Bank Limited was established in Bangladesh on December 31, 1981. AB Bank has one branch in India, which is Mumbai. AB has always remained true to its objective to be the innovative, creative bank for Bangladesh despite accomplishing several achievements and adopting countless modifications in the past four decades.
AB Bank Limited launched its first comprehensive abroad subsidiary in Mumbai, India, in the year 1996.
No. of branches in India – 1
Interest Rates
- 7.00% for 1 crore and above (Individual Loan, PF, etc.)
- 3.00% for less than 1 crore (Individual Loan, PF, etc.)
Website Link: AB Bank
3. Bank of Bahrain and Kuwait
Bank of Bahrain and Kuwait is one of Bahrain’s biggest financial institutions and International Banks in India. The Bank of Bahrain and Kuwait (BBK) was established in Bahrain in March 1971. Kuwait became the initial foreign location for BBK in 1978. In India, there are 4 locations: Mumbai, Hyderabad, Aluva, and New Delhi.
The special part about BBK is that they provide a comprehensive banking experience to their clients by delivering the best credit services, a wide choice of fixed deposits, NRI assistance and so much more.
No. of branches in India – 4
Interest Rates
- Mean ROI = 14.69% p.a. (Personal Loans)
- Mean ROI = 9.15% p.a. (Home Loans)
Website Link: Bank of Bahrain and Kuwait
4. Bank of America
The bank was established on September 30, 1998, in San Francisco. In India, the bank has four branches: Mumbai, Delhi, Chennai, and Bengaluru, and is a recognized Foreign Bank in India.
They offer cutting-edge data and analysis to organizations and corporations throughout the world, along with creative investment and economic techniques. In addition to loans, capital investments, treasuries, trading operations, forex, and interest rates, the bank also provides financial services to huge Indian corporations, investment firms, international corporations, and governments.
No. of branches in India – 4
Interest Rates
- 30-year fixed layer = 6.75% (Mortgage Rates)
- 15-year fixed layer = 6.50% (Mortgage Refinance)
Website Link: Bank of America
5. Citi Bank
Citi Bank is a global bank providing financial services since its inception on 8 October 1998. They are headquartered in New York. In 1902, in Kolkata, Citi started conducting business in India. They participate heavily in the Indian financial services sector as international investors.
Citi India delivers a vast array of financial assistance and products to their client and hence have become a leading Foreign Bank in India. Citi Bank operates 36 locations in 12 Indian states and union territories.
No. of branches in India – 36
Interest Rates
- Starting from 6.50% p.a. (Home Loans)
- 10.50% and 16.49% p.a. (Personal Loans)
Website Link: Citi Bank
6. Standard Charted Bank
Standard Charted Bank is a leading international bank that provides a variety of financial services. With its headquarters in London, United Kingdom Standard Chartered Bank has been serving people since its foundation in 1969.
To fulfill the demands of all small and large businesses, they offer a broad selection of products by utilizing their worldwide skills and in-depth local understanding of the Indian market. They have 100 branches across North, East, West, and South zones all across India.
No. of branches in India – 100
Interest Rates
- Start at. 8.40% p.a. (Home Loans)
- 11.49% p.a. (Personal Loans)
Website Link: Standard Charted Bank
7. Deutsche Bank
With its headquarters in Frankfurt, Germany, Deutsche Bank is a global bank and provider of financial solutions. Founded on 10 March 1870, in Berlin, Germany, Deutsche Bank is a major Foreign Bank in India. 1980 saw the opening of the first Deutsche Bank branch in India; now, there are 16 branches all over the country.
They concentrate on conventional areas of expertise, including finance, advising, interests, and economies. Both financial firms and individual consumers continue to gain economic guidance from them.
No. of branches in India – 16
Interest Rates
- 6.90% onwards (Home Loans)
- Up to 24% p.a (Personal Loans)
Website Link: Deutsche Bank
8. Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation Group was founded in April 2001, in Chiyoda City, Tokyo, Japan with its headquarters in Yurakucho, Chiyoda, Tokyo, Japan. They have three branches in India: New Delhi, Mumbai, and Chennai.
To increase the range of products available to customers locally, they have strategic partnership providers. They function in investment capital, leases, trading, bank cards, investments, housing refinancing, and loan industries. They effectively support the local economies inside India through their initiatives.
No. of branches in India – 3
Interest Rates
- 0.44% p.a.- (As of November 2022; Housing Loan)
- 1.73% p.a.- (As of November 2022; Investment Property Loan)
Website Link: Sumitomo Mitsui Banking Corporation
9. DBS Bank
DBS Bank was founded on 16 July 1968 in Singapore. DBS is one of Asia’s top banks and has its headquarters in Singapore. They are dedicated to becoming the institution customers can depend on and collaborate for the long run, assisting clients with finances.
DBS has 378 branches and is now operational in 66 urban centers. Digibank by DBS is an accessible online banking service that saves time for clients who want to operate their finances without having to physically visit the bank every time.
No. of branches in India – 378
Interest Rates
- 10.99% to 34% (Personal Loans)
Website Link: DBS Bank
10. Royal Bank of Scotland
The Royal Bank of Scotland is a significant business and consumer bank in Scotland. They have headquarters in Edinburgh, United Kingdom. They have launched their branches in India in 1921. They have 28 branches in India across cities like Kolkata, Mumbai, New Delhi, Chennai, Pune, Baroda, and more.
By combining resources they provide credit markets, global money transfer operations, and forex services as well as offering advising and restructuring, which helps them satisfy the demands of their clients. They have become a prominent Foreign bank in India.
No. of branches in India – 28
Interest Rates
- 11.50% (Mortgages Floating Reference Rate)
- 12.50% (Home Prime Lending Rate)
Website Link: Royal Bank of Scotland
11. J.P Morgan Chase
JPMorgan Chase is one of the world’s biggest banking firms. Founded on 31 December 2000, in New York, they are headquartered in New York, United States. Mumbai was the first city in which JPMorgan Chase Bank opened a unit. There are 4 branches of this bank in India; Delhi, Maharastra, Tamil Nadu, and Karnataka.
J.P. Morgan is a major provider of economic services globally, resolving issues for more than 100 nations. They operate with honesty and accountability, providing great customer service, and fostering staff development. They are a known name when it comes to International Banks in India.
No. of branches in India – 4
Interest Rates
- 30-Year Fixed: 6.125% rate
- 15-Year Fixed: 5.25% rate
Website Link: J.P Morgan Chase
12. Doha Bank
Doha Bank, one of the biggest financial institutions in Qatar, was established in 1978. They began offering banking products and services on March 15, 1979, in Doha, Qatar.
They have 3 major branches in India Mumbai, Chennai, and Kochi. People, businesses, companies, and organizations can all use Doha Bank’s local and global financial assistance.
No. of branches in India – 2
Interest Rates
- 6.75% p.a. (Home Loans)
Website Link: Doha Bank
13. BNP Paribas
This French multinational banking firm BNP Paribas was established in 2000. The bank is headquartered in Paris, France. The financial assistance, finance, treasuries, and consulting resolutions presented by BNP Paribas Corporate are among the best in the world. BNP Paribas operates 8 branches across 7 states in India.
Their assets include consistency, accountability, knowledge, and a positive work environment. Their ability to offer their clients the connection and expertise they require to handle transformation in an ever-changing world has made them one of the Best International Banks in India.
No. of branches in India – 8
Interest Rates
- 2 years = 6.13% (Fixed Deposits)
Website Link: BNP Paribas
14. Barclays Bank
Barclays Bank was founded way back on 17 November 1690. They are headquartered in London, United Kingdom. Barclays Bank introduced itself in India in 1990. They have attained market leadership in selected aspects of the industry, which include Professional Finance and Banking Services.
They have 6 offices in India, Worli, Mumbai, Goregaon, Mumbai, Bangalore, New Delhi, Chennai, and Kolkata. Barclays provides complete business financial services to big business owners, investment firms, non-banking firms, and international corporations across the world.
No. of branches in India – 6
Interest Rates
- 2.50% (Savings Account)
Website Link: Barclays Bank
15. SBM Bank
State Bank of Mauritius was founded in 1973 and is headquartered in Port Louis, Mauritius. They have a national system of 11 offices, which include locations in remote regions like Ramachandrapuram, Palghar, and Abitghar and major cities like Mumbai, New Delhi, Chandigarh, Pune, Bengaluru, Chennai, Hyderabad, and Ahmedabad.
They provide top-tier savings and withdrawals, exclusive cardholder benefits, and carefully considered finance and investment strategies. The Bank offers an alternative that guides firms along through professional life and has become a renowned Foreign Bank in India.
No. of branches in India – 11
Interest Rates
- 5.00 % for 5-50 Lakhs INR (Savings account)
- 6.00 % for 50 Lakhs- 5 Crores INR (Savings account)
Website Link: SBM Bank
FAQs
Q1. Which is the best foreign Bank in India?
Standard Chartered Bank or Citi Bank or Deutsche Bank is the best foreign bank in India.
Q2. How many foreign banks are there in India?
There are 45 Foreign banks in India as of 2023. Foreign Banks In India play a huge role in uplifting the economy and offer financial services to individuals and corporations throughout India and outside the country.
We have carefully enlisted 15 Foreign Banks in India with Headquarters for you to pick your preferred banks according to your requirements and eligibility.
We hope this article was insightful for you all, and don’t forget to let us know your preferred Foreign banks in India in the comments.
