India has become a global hotspot. It is a tantalizing market for many international brands, whether it is a food chain or clothing brand. The sector of banks is no different as well. A lot of international banks have branches and offices located throughout the country and their presence will only increase as time goes on. This is occurring for various reasons as well.
The Indian economy is among the fastest growing in the world and this makes it a oh so not3 to be missed prospect for banks as they can pump money and make more money out of it in the country. And it shows as well, the number of banks opening branches has increased 3 fold in the country since the last decade and it does not look like its slowing down anytime soon. So there are a lot of international banks India has in its field.
Citi Bank is among the top International banks India has in its country. The country is among the oldest international banks in the country and is over as hundred years old, just counting their presence in the country. It had established its first branch in the country in the year 1902 and has grown to a giant with over 750 ATMs throughout the country and close to 7,500 employees.
Standard Chartered is clearly the number two in the list of International banks India has to offer to its residents. The company has over 102 branches, with its presence in 43 cities within the country. The name of the banks comes from two banking entities that were merged in the 60’s. It was Chartered Bank of India, Australia and China and Standard Bank of British South Africa which merged together to form the Standard Chartered bank that you see today.
HSBC is a household name in the country. Apart from rural folks, I doubt you will find a single person in the country who does not know the name of this bank. The bank has branches across 43 cities in the country and its origin can be traced back to 1853 when the Mercantile Bank of India was established in Mumbai. It offers a range of services from credit cards to loans.
Deutsche bank is among the most recent entrants in the country that has been growing quite quickly. A global company with reach across 70 countries in the world and more than 80,000 employees, the bank has 18 branches in India and is a fully integrated financial service provider to Indian corporate, institutional and individual clients.