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Indian banks have a substantial presence abroad, be it public sector banks or private banks. There are a total of 185 branches of domestic banks across the globe as per RBI, with a major presence in the UAE, UK, Singapore, and others. In addition, Indian banks also have subsidiaries abroad which offer many of the services delivered by their own branches. So
Benefits of foreign branches and subsidiaries of Indian banks:
- Easy repatriation of money to and from both India and abroad
- Investment becomes easy for NRIs e.g. mutual funds
- Hassle-free documentation such as KYC in the country of customer’s resident country
- Benefits such as higher interest rates as compared to local banks
Below is a comprehensive list of branches of Indian banks and their subsidiaries abroad across the countries they are majorly present in.
COUNTRY | LIST OF BANKS* |
UNITED STATES OF AMERICA |
|
UNITED KINGDOM |
|
UNITED ARAB EMIRATES |
|
GERMANY |
|
SAUDI ARABIA |
|
SINGAPORE |
|
FRANCE |
|
CHINA |
|
AUSTRALIA |
|
BELGIUM |
|
BANGLADESH |
|
HONG KONG |
|
JAPAN |
|
QATAR |
|
SRI LANKA |
|
UGANDA |
|
TANZANIA |
|
INDONESIA |
|
NEW ZEALAND |
|
CANADA |
|