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Foreign banks with Indian branches

Commonwealth Bank of Australia

The Commonwealth Bank of Australia was founded by the Commonwealth Bank Act on 22 December 1911, introduced by the Andrew Fisher Labor Government, which favored bank nationalization. In a rare move for the time, the bank was to have both savings and general bank business. The bank was also the first bank in Australia to receive a Federal Government guarantee. The bank's earliest and most strenuous proponent was the flamboyant American-Australian Labor politician, King O'Malley, and its first Governor was Sir Denison Miller. The bank opened its first branch in Melbourne on 15 July 1912. In an agreement with Australia Post that exists to this day, the bank also traded through post office agencies. In 1912, it merged with the state savings bank in Tasmania, and by 1913 it had branches in all six states.      Presently, The Commonwealth Bank of Australia is an Australian multinational bank with businesses across New Zealand, Fiji, Asia, the United States and the United Kingdom. Commonly…
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National Australia Bank

National Australia Bank was formed as National Commercial Banking Corporation of Australia Limited in 1982 by the merger of National Bank of Australasia and the Commercial Banking Company of Sydney. The resulting company was subsequently renamed National Australia Bank Limited. The expanded financial base of the merged entity triggered significant offshore expansion over ensuing years. Representative offices were established in Beijing (1982), Chicago (branch 1982), Dallas (1983), Seoul (1983, upgraded to a branch in 1990), San Francisco (1984), Kuala Lumpur (1984), Athens (1984, closed 1989), Frankfurt (1985, closed 1992), Atlanta (1986), Bangkok (1986), Taipei (1986 upgraded to branch 1990), Shanghai (1988, closed 1990), Houston (1989) and New Delhi (1989). In 1987, NAB bought Clydesdale Bank (Scotland) and Northern Bank (Northern Ireland and Republic of Ireland) from Midland Bank. It re-branded Northern Bank branches in the Republic of Ireland to National Irish Bank and changed both…
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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,…
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AB Bank Limited

Introducing Bangladesh to its very first private sector bank, AB Bank Limited was incorporated on 31st December, 1981. Arab Bangladesh Bank as formerly known started its effective operation from 12th April, 1982 with the mission to be the best performing bank of the country.   With an ambition to secure its place as the leading service provider, creating lasting value for its clientele, shareholder, and employees and particularly for the community it operates in, AB has formulated a golden heritage and an envious legacy that may not be imitated by many. Achieving plenty of milestones and incorporating numerous changes over the last 35 years, AB has always been authentic to its desire of being the technology driven innovative bank of Bangladesh. To excel this new era of technological triumph, AB has successfully introduced internet banking, SMS banking, cutting edge ICT, state-of-art network solution, 24/7 ATM service and many other e-products. AB has extensively widened its services…
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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…
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Antwerp Diamond Bank (ADB)

Société Belge de Banque established the Comptoir Diamantaire Anversois in 1934, in partnership with Banque Transatlantique, Société Internationale Forestière et Minière du Congo (Forminière ), and the De Beers Group. The company was the first financial institution to focus solely and entirely on the needs of the diamond industry; it opened its registered office in the very heart of Antwerp's diamond district.   In 1937, Belgium passed bank reform legislation that allowed the Comptoir Diamantaire Anversois to become a bank. At this point the Comptoir changed its name to  Antwerp Diamond Bank (ADB) . It also took the opportunity to double its equity base to BEF60 million (approximately 1.5 million euros) by bringing in Kredietbank and Compagnie Financière et Industrielle (Confindus)-Banque de Bruxelles as shareholders. In 1999, KBC Bank acquired the shares in ADB that Generale Bank (which had merged with Société Belge de Banque in 1965), and Banque Bruxelles Lambert (the result of the…
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Bank of Nova Scotia

The bank was incorporated by the Legislative Assembly of Nova Scotia on March 30, 1832, in Halifax, Nova Scotia, with William Lawson (1772–1848) serving as the first president. ScotiaBank was founded in Halifax, Nova Scotia, in 1832 under the name of The Bank of Nova Scotia. The bank intended to facilitate the trans-Atlantic trade of the time. Later, in 1883, The Bank of Nova Scotia acquired the Union Bank of Prince Edward Island, although most of the bank's expansion efforts in the century took the form of branch openings.   The bank launched its branch banking system by opening in Windsor, Nova Scotia. The expansion was limited to the Maritimes until 1882, when the bank moved west by opening a branch in Winnipeg, Manitoba. The Manitoba branch later closed but the bank continued to expand into the American Midwest. This included opening a branch in Minneapolis in 1885 which later transferred to Chicago in 1892. Following the collapse of the Commercial Bank of Newfoundland and Union…
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Industrial and Commercial Bank of China Ltd.(ICBC)

Generally considered the largest bank and public company in the world by assets, Industrial and Commercial Bank of China Limited (ICBC) is a Chinese multinational banking company, it is the largest bank in the world by total assets and the most valuable bank in the world by market capitalization as of February 2017. It is one of China's "Big Four" state-owned commercial banks (the other three being the Bank of China, Agricultural Bank of China, and China Construction Bank). It was founded as a limited company on January 1, 1984. As of June 2015, it had assets worth US$3.616 trillion. It ranks number 1 in The Banker's Top 1000 World Banks ranking, and first on the Forbes Global 2000 list of the world's biggest public companies. On September 24, 2014, ICBC Kuwait Branch officially opened in Kuwait City, capital of Kuwait. As the first and currently the only Chinese bank in Kuwait, the establishment of ICBC Kuwait Branch ended the history of no Chinese bank’s presence in Kuwait…
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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…
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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…
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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…
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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…
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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…
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Sumitomo Mitsui Banking Corporation(SMBC)

SMBC was formed by the merger of The Sumitomo Bank and Sakura Bank in April 2001. Sumitomo Bank was a major Japanese bank founded in 1895; Sakura Bank was a descendant of Mitsui Bank, another major Japanese bank founded in 1876, but with operations dating back to 1683, when the Tokugawa Shogunate granted Mitsui Takatoshi permission to act as a money changer.   In April 2001, Sakura Bank and Sumitomo Bank merge to form Sumitomo Mitsui Banking Corporation. (Capital stock: ¥1,276,7 billion). Sumitomo Mitsui Banking Corporation (SMBC) establishes a holding company named Sumitomo Mitsui Financial Group, Inc. (SMFG) through a share transfer, SMBC becomes a wholly owned subsidiary of SMFG in December 2002 and witnessed Wakashio Bank (established June 1996) merge with SMBC in the end of 1st quarter next year.   On July 2008, Sumitomo Mitsui buys a 2.1 per cent stake in Barclays Bank for £500m. In the beginning of 2nd quarter, a group of criminal hackers including Hugh Rodley, security insider…
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The Bank of Tokyo-Mitsubishi UFJ Ltd.

Mitsubishi Bank was founded in 1880 by a former samurai, Iwasaki Yatarō, and was a core member of the Mitsubishi Group of companies. It merged with The Bank of Tokyo in 1996 to form The Bank of Tokyo-Mitsubishi, Ltd., which at that point was the world's largest bank in terms of total assets. In 1998, upon merger of the then second and third largest Swiss banks, Union Bank of Switzerland and Swiss Bank Corporation, the newly created UBS AG became the second largest in the world at the time, behind only the Bank of Tokyo-Mitsubishi. The Bank of Tokyo had historically focused on foreign exchange business since its foundation as the Yokohama Specie Bank in 1880, while Mitsubishi had had a stronger focus on domestic corporate and retail banking. Both banks were relatively healthy in the wake of the Japanese asset price bubble. Until the Tokyo-Mitsubishi merger took place in 1996, Sanwa Bank, which was based in Osaka and was the anchor of the Sanwa Group keiretsu, had been considered the…
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State Bank of Mauritius (SBM)

The government of Mauritius established State Bank of Mauritius in 1973 under the name State Commercial Bank. In 1994, SBM opened its first overseas branch in Mumbai, India. In 1995, the bank was listed on the Stock Exchange of Mauritius. Then in 1997 the South African bank Nedcor acquired 20.1% of SBM’s voting equity. That same year SBM opened its second branch in India in Chennai, and the next year one in Hyderabad, India. Banque SBM Madagascar, a fully owned subsidiary of SBM, started banking operations in Madagascar in January 1998. The company operates from Antananarivo, the capital of Madagascar. The next year, SBM and Nedcor established SBM Nedcor International (SNI) as a 50/50 joint venture to engage in offshore banking, and SNI started operations in 2000. In order to avoid any conflict of interest with SBI International, Mauritius (formerly State Bank International), another joint venture offshore company between SBM and State Bank of India, SBM disinvested its 49 percent…
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The Australia and New Zealand Banking Group Ltd.

ANZ is one of the leading Australian banks in the Asia-Pacific region. It has been aggressive in its expansion into the emerging markets of China, Vietnam and Indonesia. ANZ is also a leading bank in New Zealand as well as several Pacific Island Nation where it competes in many markets with fellow Australian bank Westpac. ANZ's arm in New Zealand is operated through a subsidiary company, ANZ National Bank, from 2003 to 2012, when it changed to ANZ Bank New Zealand upon merging the ANZ and National Bank brands. In March 2005, it formed a strategic alliance with Vietnam's Sacombank involving an acquisition of 10% of Sacombank’s share capital. As part of the strategic alliance, ANZ will provide technical assistance in the areas of risk management and retail and small business banking. ANZ has followed a similar strategy in China, where it acquired a 20% share in Tianjin City Commercial Bank in July 2006. It also negotiated a similar deal with Shanghai Rural Commercial Bank. In August…
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