Top 10 Best and Trusted Foreign Banks in India
A bank is a financial institution that accepts deposits from the public and creates credits. For an economically growing country it is must to have a foreign bank that offers world class banking products and services such as credit cards, housing loans, automobile finance, industrial loans, and CC loan to business owners to name a few. There are so many foreign banks in India and the top ten of them are given below.
1. Citi Bank
An American multinational bank, citi bank was the India’s oldest bank which was found in 1902 in Kolkata. Headquarters is located in Mumbai. It has 44 full-service Citibank branches in 31 cities and over 700 ATMs across the country with 7500 employees all over the country.
Its main aim is to provide products and services like, Credit Cards, Debit Cards, Loans, Private Banking, Investments, Assurance/Insurance and NRI Banking. City bank is owned by the global philanthropic arm of Citigroup and it was the top 10 best and largest Foreign banks in India by 2017. It is also sponsoring awards, community programmes, charitable causes, arts programmes and festivals.
2. Standard Chartered Bank
Standard Chartered Bank is a British multinational bank, which was founded in the year 1969. It was the oldest and most efficient bank in the country which is customer friendly. It has more than 1,200 branches across more than 70 countries and 87,000 employees all over the country.
it is headquartered in London, England. It’s main services are Credit cards, Consumer banking, Corporate banking, Investment banking, Mortgage loans,Private banking,Wealth management. Its name comes from the merging of two banks, The Chartered Bank of India, Australia and China, and Standard Bank of British South Africa. The bank has also won the best bank award.
3. HSBC India
HSBC India bank is the India’s one of the oldest bank with 32,000 employees all over India. It is a British multinational bank formed in the year 1836 and there are more than 50 branches across the nation. Its operational head office in Mumbai.
It provides variety of banking services to the Indian clients such as credit card, internet banking, foreign exchange, debit cards, and loans facility. There are over lakh customer available in India part of HSBC bank, world based bank carries around 6 thousand offices around the world.
4. Deutsche Bank
One of the world’s largest bank, Deutsche Bank is a German global banking and financial services company was initiated in the year 1980. Headquarters is located in Maharashtra.
It provides services like consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards. It has more than 100,000 employees in over 70 countries and it operates 18 branches in the country and offer services to more than 5 Lakh customers.
5. Royal Bank of Scotland
Royal Bank of Scotland is one of the most prestigious international bank which was found in 1921. Its headquarters situated in Edinburgh, Scotland. It operates 10 branches in the country and there are 700 branches worldwide. Its main products are Finance and insurance, Consumer Banking, Corporate Banking. The bank aims at foreign exchange, debt capital markets, finance advisory, commodities etc.
6. DBS Bank
The Development Bank of Singapore Limited, DBS Bank is a multinational banking and financial services corporation with more than 12 branches in India. It was found by Government of Singapore in the year 1968 and headquarters of which is located at the trading capital of India, Maharashtra.
Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance are the services provided by DBS Bank. DBS has branches and offices in China, Dubai, Indonesia, Japan, South Korea, Malaysia, Myanmar, Philippines, Taiwan, Thailand, Vietnam, Hong Kong, India, United Kingdom and United States.
7. Barclays Bank
Barclays Bank is the oldest British multinational bank and financial services company 120,000 employees and 4.8 Crore customers all over the world. its headquarters is in the Economic Capital of India known as Mumbai of Maharashtra region.
It operates 7 branches in the country. Retail banking, Commercial banking, Investment banking, Wealth Management are the main products of this bank. In 1967, it launched the first automated teller machine (ATM) in the world. The clients of Barclays Bank India consist of individuals, multi national companies, public sector companies and a large number of small and medium enterprises.
8. Bank of America
Bank of America was started in India in the year 1964. It serves more than 50 million customers and has about 19,000 ATMs and 6,100 retail banking offices. It started in India at the time of development in the relationship between India and America.
Its branches are located in New Delhi, Bengaluru, Chennai, Mumbai and Kolkata. Services offered by Bank of America are IRAs, Mortgage, Auto Loans, Insurance, Retirement, Credit Cards, Equity, Personal Loans, Investment, Services,Online Investment, Online Banking.
Bank of America’s Global Corporate and Investment Banking has its U.S. headquarters in New York, European headquarters in London, and Asian headquarters in Hong Kong and Singapore.
9. Bank of Bahrain and Kuwait
The Bank of Bahrain and Kuwait (BBK), established in 1971 in both the Kingdom of Bahrain and the State of Kuwait. Now it has around 4 branches in India. It provides commercial banking services including deposits, loans and credit cards. Its headquarters located in Manama, Bahrain. Majority of its shareholders are the government and the general populace of Bahrain
10. Doha Bank
It is one of the largest commercial bank in Qatar and one of the MNC banks in India. It started providing services in india after the year 2014. It offers banking services like personal banking, corporate banking, NRI services, trade services, etc.
Its first branch was started at Mumbai, Maharashtra state. Overseas branches of Doha bank are Kuwait, Dubai (UAE), Abu Dhabi (UAE), Mumbai and Kochi (India) as well as representative offices in Japan, China, Singapore, Hong Kong, South Africa, South Korea, Australia, Turkey, the United Kingdom, Canada, Germany, Bangladesh and Sharjah (UAE).