Top Foreign Banks in India

India has a lot of money, and foreign banks want to get their hands on it. India is a country with an expanding economy and an increasingly global presence. This has led to the growth of many international banks in India, which have been rapidly growing since the 1990s.

What are Foreign Banks?

Before we know the top foreign banks in India, we need to understand the term ‘foreign bank’. A financial institution that operates in any other country than its home country is termed a foreign bank.

India’s economy is growing by leaps and bounds, but the banking system doesn’t have the infrastructure to support all this growth. It needs more branches, more ATMs, and better online services. Foreign banks see an opportunity in India with its over one billion people and fast-rising middle class. Foreign banks are investing billions of dollars in trying to grab a slice of this market.

In simple words, a bank that has its headquarters in some other country but has a presence in India is classified as a foreign bank in India.