A bank is a financial institution that works to collect money from the public and give loans to the public. But here we are given the list of foreign banks in India that are doing business here.
People deposit their savings in these institutions for safety or to earn interest and withdraw from time to time as needed.
Banks thus earn interest by loaning the amount received from deposits from traders and businessmen.
In the present era of economic planning, banks and banking system are considered to be an essential requirement for the development of agriculture, industry and trade.
Apart from keeping deposits and providing loans, banks also do other tasks such as keeping their jewellery valuables from people for security, collecting their checks for their customers, deducting business bills, agency work.
Banks concentrate the scattered and depleted assets of the country and put them into production operations in the country, which encourages capital formation and helps in the progress of production.
List Of Foreign Banks In India
|Australia and New Zealand Banking Group||Australia|
|Commonwealth Bank of Australia||Australia|
|National Australia Bank||Australia|
|Westpac Banking Corporation||Australia|
|Bank of Bahrain and Kuwait||Bahrain|
|Bank of Nova Scotia||Canada|
|Industrial & Commercial Bank of China||China|
|Mizuho Corporate Bank||Japan|
|Sumitomo Mitsui Banking||Japan|
|Bank of Tokyo-Mitsubishi||Japan|
|State Bank of Mauritius||Mauritius|
|United Overseas Bank||Singapore|
|FirstRand Bank||South Africa|
|Shinhan Bank||South Korea|
|Woori Bank||South Korea|
|Bank of Ceylon||Sri Lanka|
|Chinatrust Commercial Bank||Taiwan|
|Abu Dhabi Commercial Bank||UAE|
|Barclays Bank||United Kingdom|
|Standard Chartered Bank||United Kingdom|
|Royal Bank of Scotland||United Kingdom|
|American Express||United States of America|
|Bank of America||United States of America|
|Citibank||United States of America|
|J.P. Morgan Chase Bank||United States of America|