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Foreign banks with Indian branches

DBS Bank

Established on 16 July 1968 by the Government of Singapore to take over the industrial financing activities from the Economic Development Board, the bank's main purpose was to provide loans and financial aid to the manufacturing and processing industries and to help establish and upgrade existing industries in Singapore. In 1960, the Singapore government invited a United Nations (UN) industrial survey mission to assess the economical situation in Singapore and to come up with an industrialization program for the city. The proposal included setting up a development bank, together with an economic body to attract foreign investments and provide financing and managing the industrial estates. The bank was incorporated in July 1968 and began operations in September of the same year.   Presently, DBS Bank is a multinational banking and financial services corporation headquartered in Marina Bay, Singapore. The company was known as The Development Bank of Singapore Limited, before the present…
Score: 1.27

Krung Thai Bank

The bank came into being on 14 March 1966 following the merger of two government-owned banks, Kaset Bank and Monton Bank. The merged banks were then named "Krung Thai Bank Limited", bearing its logo as an image of the Vayupaksa bird, which is also used by the Ministry of Finance. KTB's head office was originally located on Yawaraj Road. On 2 August 1989, KrungThai Bank was the first state enterprise to list its shares on the Stock Exchange of Thailand (SET). Its major shareholder is the Ministry of Finance through a shareholding of 6,184 billion shares by the Financial Institutions Development Fund (FIDF), accounting for 55.31 percent of total shares. In addition to commercial banking activities, KrungThai Bank has served as a government channel for financial services in support of governmental initiatives. It does this by lending to businesses of certain types, such as One Tambon One Product(OTOP) loans, ICT computer loans, and educational loans. Moreover, the bank is used by most…
Score: 1.23

Sberbank

Sberbank's history goes back to Cancrin's financial reform of 1841, when a network of the first state-owned savings banks was created in Russia. By the end of the 19th century, the network reached almost 4 thousand outlets with over 2 million depositors. Since 1905, savings bank outlets became authorized to sell insurance. After 1910, savings banks started subsidizing credit cooperation institutions and extending loans to small lenders. In 1915, savings bank outlets started accepting government securities for depositing.      In post-Soviet Russia, Sberbank is the largest universal bank despite growing competition from private and other state-owned commercial banks. The bank has gradually expanded its international presence. Since 2007, Sberbank is led by former economy minister Herman Gref.   Presently, Sberbank is a state-owned Russian banking and financial services company headquartered in Moscow. The company was known as "Sberbank of Russia" until 2015. Sberbank has operations in…
Score: 1.19

Barclays

Barclays traces its origins back to 1690 when John Freame, a Quaker, and Thomas Gould started trading as goldsmith bankers in Lombard Street, London. The name "Barclays" became associated with the business in 1736, when James Barclay, the son-in-law of John Freame, one of the founders, became a partner in the business. In 1728 the bank moved to 54 Lombard Street, identified by the 'Sign of the Black Spread Eagle', which in subsequent years would become a core part of the bank's visual identity. Much of the wealth of the Barclay family was founded on the slave trade: David and Alexander Barclay were engaged in the slave trade in 1756; David Barclay owned a great plantation in Jamaica, later freeing his slaves and coming to appreciate their equivalence to whites. In 1776 the firm was styled "Barclay, Bevan and Bening" and so remained until 1785, when another partner, John Tritton, who had married a Barclay, was admitted, and the business then became "Barclay, Bevan, Bening and Tritton"…
Score: 1.19

Mashreq Bank

The oldest local bank in the United Arab Emirates, Mashreq Bank has provided banking and financial services to millions of customers and businesses since 1967. It was established in Dubai as the Bank of Oman, prior to formation of the UAE, under a decree of the Ruler of Dubai – Shaikh Rashid Bin Saeed Al Maktoum. In 1993, the bank changed its name to Mashreq Bank and is now one of the UAE’s leading financial institutions. It has a strong retail and corporate banking presence throughout the Persian Gulf, with branches in Egypt, Qatar, Kuwait and Bahrain. The Mashreq branch network extends across the UAE, with 50 percent of households banking with the company. It also has customer service centers in key retail locations and one of the largest ATM networks in the country. In addition the bank has overseas offices in 11 countries across Europe, North America, Asia and Africa. The first branch of the Bank of Oman – as it was known back then – opened in Deira in 1967, which was swiftly…
Score: 1.16

Westpac Banking Corporation

Established in Sydney in 1817, the Bank of New South Wales (BNSW) was the first bank in Australia. Edward Smith Hall was its first cashier and secretary. During the 19th and early 20th century, the Bank opened branches first throughout Australia and Oceania, at Moreton Bay (Brisbane) in 1850, then in Victoria (1851), New Zealand (1861), South Australia (1877), Western Australia (1883), Fiji (1901), Papua New Guinea (1910) and Tasmania (1910). In 1982, BNSW merged with the Commercial Bank of Australia and changed their name to Westpac Banking Corporation. WBC was framed with the mission to become a significant Western-Pacific bank from which the Westpac portmanteau is derived. The brand name incorporated the "W" which had been the logo of the Bank of New South Wales (popularly known as "the Wales"). Today, Westpac Banking Corporation, more commonly known as Westpac, is an Australian bank and financial-services provider headquartered in Westpac Place, Sydney. It is one of Australia's…
Score: 1.12

United Overseas Bank

On August 6, 1935, businessman Wee Kheng Chiang, together with six other friends, established the bank after raising S$1 million. The bank was named United Chinese Bank (UCB) to emphasize its links to the Chinese population in Singapore. On October 1935, UCB opened for business in the three story Bonham Building. In 1965, the bank was renamed to United Overseas Bank and opened its first overseas branch in Hong Kong. In 1970, UOB was listed on the Joint Stock Exchange of Singapore and Malaysia, at that time which Singapore did not have its own stock exchange. After it was publicly listed, the bank went through a series of targeted acquisitions. The bank first acquired Chung Khiaw Bank in 1971, which expanded its domestic presence and also gave the bank offices in Malaysia and Hong Kong. In 1973, UOB then acquired Lee Wah Bank, which provided services in Malaysia and Singapore. In that same year, the bank built a new 30 storey office tower in place of the Bonham Building, which was named…
Score: 1.12

CTBC Bank

It was established in 1966 under the name China Securities and Investment Corporation. In 1971, its name was changed to Chinatrust Investment Company Limited. In 1992, it was transformed into Chinatrust Commercial Bank. Up until 2009, the chairman of the company was Luo Lian-fu. He was succeeded in July 2009 by Michael (Mike) Bernard DeNoma, the first foreigner to take up the role. The bank has subsidiaries in the Philippines, the United States, Canada, and Indonesia, foreign branch offices in Singapore, Hong Kong, India, Japan and Vietnam, and foreign representative offices in London, Bangkok, Hanoi, Beijing, Manila, and Los Angeles. CTBC Bank was awarded by international professional agencies as Best Bank in Taiwan in Asiamoney and The Asset magazines.      In the area of corporate banking, CTBC Bank was recognized by Global Finance and Asiamoney as the Best Foreign Exchange Bank in Taiwan, while Global Finance, The Asset, The Asian Banker, The Corporate Treasurer, and Global Trade…
Score: 1.04

Société Générale

The bank was founded by a group of industrialists and financiers during the second empire, on May 4, 1864. The bank's first chairman was the prominent industrialist Eugène Schneider (1805–1875) followed by Edward Blount, a Scotsman. The company started to hire employees and establish offices. Coverage of France went ahead at a steady rate. By 1870, the bank had 15 branches in Paris and 32 in the rest of France. It set up a permanent office in London in 1871. At the beginning, the bank used its own resources almost entirely for both financial and banking operations. In 1871, Société Générale moved into the public French issues market with a national debenture loan launched to cover the war indemnity stipulated in the Treaty of Frankfurt. In 1886, Société Générale was part of the bank consortium (along with the Franco-Egyptian Bank and the Crédit Industriel et Commercial) that financed the construction of the Eiffel Tower.   Today, Société Générale S.A. is a French multinational banking…
Score: 1.0

Doha Bank

Doha Bank is one of the largest commercial banks in the State of Qatar. It was incorporated in 1978 and commenced its domestic and international banking services in Doha, Qatar on March 15, 1979. Doha Bank provides domestic and international banking services for individuals, commercial, corporate and institutional clients through four business groups – Wholesale Banking, Retail Banking, International Banking and Treasury & Investments. Doha Bank has established overseas branches in 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). As one of Qatar’s leading financial services company, Doha Bank is committed to making banking work for customers and clients like it never has before. Through innovative technologies and the ingenuity of its people, Doha Bank provides individuals and commercial…
Score: 1.0

HSBC Bank Oman

HSBC Bank Oman S.A.O.G has operated in the Sultanate since 1948. It provides a wide range of banking services for both corporate and individual customers. In recent years HSBC Oman has expanded to over 90 branches and in addition has a full-service trading operation, private banking operation, and a custodial service for the Muscat Securities Market. In Oman, the HSBC Group is represented by HSBC Bank Oman S.A.O.G. In June 2012, HSBC Bank Middle East´s Oman operations merged with Oman International Bank (OIB), an Omani bank with a rich heritage in the Sultanate which was a public listed joint stock company listed on Muscat Securities Market (MSM) and was renamed as HSBC Bank Oman S.A.O.G (HBON). HSBC has been present in Oman since 1948 and for two decades was the only bank operating in the country. In 1970, it assisted in the first issue of the Omani currency. Over the years, the bank has delivered a number of “firsts” for Oman, including the first to launch ATMs, provide international…
Score: 1.0

UBS

UBS, through Swiss Bank Corporation, traces its history to 1854 when six private banking firms in Basel, Switzerlandpooled their resources to form the Bankverein, a consortium that acted as an underwriting syndicate for its member banks. In 1871, the Bankverein coordinated with the German Frankfurter Bankverein to form the Basler Bankverein, a joint-stock company replacing the original Bankverein consortium. After the new bank started with an initial commitment of CHF 30 million and CHF 6 million of share capital, it soon experienced growing pains when heavy losses in Germany caused it to suspend its dividend until 1879. Following the years 1885 and 1886, when the bank merged with the Zürcher Bankverein and acquired the Basler Depositenbank and the Schweizerische Unionbank, it changed its name to Schweizerischer Bankverein. The English name of the bank was originally Swiss Bankverein, but was changed to Swiss Bank Corporation (SBC) in 1917. The Union Bank of Switzerland emerged in 1912…
Score: 1.0

Credit Suisse

Credit Suisse's founder, Alfred Escher, was called, "the spiritual father of the railway law of 1852," for his work defeating the idea of a state-run railway system in Switzerland in favor of privatization. Escher founded Credit Suisse (originally called the Swiss Credit Institution, i.e., Schweizerische Kreditanstalt) in 1856 primarily to provide domestic funding to railway projects, avoiding French banks that wanted to exert influence over the railway system. Escher aimed to start the company with three million shares and instead sold 218 million shares in three days. The bank was modeled after Crédit Mobilier, a bank funding railway projects in France that was founded two years prior, except Credit Suisse had a more conservative lending policy focused on short-to-medium term loans. In its first year of operation, 25 percent of the bank's revenues was from the Swiss Northeastern Railway, which was being built by Escher's company, Nordostbahn.    Today, Credit Suisse Group is a Swiss…
Score: 1.0

Mizuho Bank

The history of Mizuho Financial Group (Mizuho) dates back to 1873 with the establishment of the Dai-ichi Bank, the first national bank in Japan. Mizuho itself was formed in 2000 from the merger of three of Japan’s largest and most established banks, the Dai-Ichi Kangyo Bank (DKB), Fuji Bank and the Industrial Bank of Japan (‘IBJ’). The diverse activities have now been integrated under ‘One Mizuho’ to create a global powerhouse. The history informs our present thinking, which values mutually beneficial long-term relationships and steady and sustainable growth. We recognize that in order to service our global client base, we need to continue to expand our presence in the world’s major markets. Our strategy is simple. EMEA is a key part of the bank’s global ambitions. We have been an active participant in the European market since 1952 and have continued to grow our presence ever since, with a network of 20 offices spread throughout the region. Having the balance sheet and credit rating…
Score: 1.0

Deutsche Bank AG

Deutsche Bank was founded in Berlin in 1870 as a specialist bank for foreign trade. The bank's statute was adopted on 22 January 1870, and on 10 March 1870 the Prussian government granted it a banking licence. The statute laid great stress on foreign business: The object of the company is to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets. One of the three founders were George Siemens whose father's cousin had founded Siemens and Halske, Adelbert Delbrück and L. Bamberger. Previous to the founding of Deutsche Bank, German importers and exporters were dependent upon English and French banking institutions in the world markets, a serious handicap in that German bills were almost unknown in international commerce, generally disliked and subject to a higher rate of discount than English or French bills.   Presently, Deutsche Bank AG is a German global banking and financial services…
Score: 1.0

Bank of Bahrain and Kuwait

BBK, formerly known as The Bank of Bahrain and Kuwait B.S.C, was established on 16th March 1971 in accordance with the Amiri decree and started operations a year later. BBK has been the pioneer in Commercial Banking for 41 years in the Kingdom of Bahrain.   In 1972, they began operations with a capital of BD 1 million (US$ 2.5 million). Today, it has grown to become one of the largest commercial banks in the Kingdom of Bahrain, with a capital base of BD. 303.9 million (US$ 806 million). They have succeeded in building a name and reputation, respected locally as well as internationally. They have a strong local presence with a nationwide network of Financial Malls, branches and ATMs. In addition to domestic branches, they have operations in the State of Kuwait, the Republic of India and through a representative office of Dubai, United Arab Emirates. As a market leader, in 2006 they conceived the revolutionary 'Financial Mall' concept, housing partners such as CrediMax credit cards,…
Score: 1.0

Crédit Agricole

Crédit Agricole can trace its history back to the end of the 19th Century, and specifically to the Act of 1884 establishing the freedom of professional association, which authorised, among other things, the creation of farm unions and the foundation of local mutual banks. Société de Crédit Agricole was created on 23 February 1885 at Salins-les-Bains in the district of Poligny in the Jura region. It was the first of its kind in France. Drawing on this experience and in an effort to promote lending to small family farms, the Act of 5 November 1894, which had the support of Minister for Agriculture Jules Méline, paved the way for the creation of Crédit Agricole’s Local Banks. The first Local Banks were set up by local elites, including agronomists, teachers and property owners, with farmers playing a minority role. In the early years, business was made up exclusively of short-term loans provided as advances on harvests, enabling farmers to live more comfortably. Medium-term and long-term…
Score: 1.0

Bank of Ceylon (BoC)

Bank of Ceylon (BoC) was founded in 1939, with Sir Ernest de Silva as its first chairman. At the time, Ceylon was a British colony and the then governor Sir Andrew Caldecott ceremoniously opened the bank on 1 August. The English government introduced the banking arm for its government-oriented businesses. Two years later, in 1941, BoC started to expand beyond the city of Colombo. It opened its first branch in Kandy. Subsequently BoC added branches in major cities such as Galle, Jaffna, Kurunegala, Batticaloa, Trincomalee, Badulla, and Panadura.    The saga of Bank of Ceylon (BOC) began on 1st of August 1939 under Bank of Ceylon Ordinance No. 53 of 1938, the Governor of Ceylon, Sir Andrew Caldecott, declared open the maiden office of Sri Lanka’s first state-owned commercial bank in Fort, Colombo. BOC is a licensed commercial bank established under the Banking Act No. 30 of 1988. As Bankers to the Nation, BOC reached out to all citizens of the country through its largest network over 627…
Score: 1.0

Standard Chartered PLC

The Chartered Bank began when Queen Victoria granted a Royal Charter to Scotsman James Wilson in 1853. Chartered opened its first branches in Mumbai, Kolkata and Shanghai in 1858, followed by Hong Kong and Singapore in 1859. The Bank started issuing banknotes of the Hong Kong dollar in 1862. The Standard Bank was a British bank founded in the Cape Province of South Africa in 1862 by Scot, John Paterson. Having established a considerable number of branches, Standard was prominent in financing the development of the diamond fields of Kimberley from 1867 and later extended its network further north to the new town of Johannesburg when gold was discovered there in 1885. Half the output of the second largest gold field in the world passed through The Standard Bank on its way to London. Standard expanded widely in Africa over the years, but from 1883 to 1962 was formally known as the Standard Bank of South Africa. In 1962 the bank changed its name to Standard Bank Limited, and the South…
Score: 1.0

Sonali Bank

Sonali Bank was established in 1972 under the Bangladesh Banks (Nationalisation) Order, through the amalgamation and nationalization of the branches of National Bank of Pakistan, Bank of Bahawalpur and Premier Bank branches located in East Pakistan until the 1971 Bangladesh Liberation War. When it was established, Sonali Bank had a paid up capital of 30 million taka. In 2001, its authorized and paid up capital were Tk 10 billion and Tk 3.272 billion respectively. Presently, its authorised and paid up capital is Tk 10 billion and Tk 9 billion respectively The bank's reserve funds were Tk 60 million in 1979 and Tk 2.050 billion on 30 June 2000. In 2013, $250,000 was stolen from the bank by Cyber criminals using the Swift International payments network. In 2016 the Bank signed an Memorandum of Understanding with PayPal.   Sonali Bank has a total of 1207 branches. Out of them, 343 are located in urban areas, 862 in rural areas, and 2 are located overseas. It also operates the Sonali…
Score: 1.0