Indian Banks Abroad
milind20 said:
In International Marketing, my project title is 'Indian Banks Abroad'. If anyone has any ideas or reference matter for the same then plz reply asap. thank you
Foreign Banks
The operations of foreign banks, though similar to that of other commercial Indian banks, are mainly confined to metropolitan areas. Foray of foreign banks depends on reciprocity, economic and political bilateral relations. An inter-departmental committee has been set up to endorse applications for entry and expansion. Foreign banks, in the wake of the liberalization era, are looking to expand and diversify. Some of the leading foreign banks that operate in India are Citibank, Standard Chartered Grindlays Bank, Hong Kong Shanghai Banking Corporation, Bank of America, Deutsche Bank, Development Bank of Singapore and Banque National De Paris.
Indian Banks Abroad
Ninety-five branches, including off-shore branches and mobile agencies of nine-Indian commercial banks (which include eight public sector banks and one Indian private sector bank) were operating in foreign countries as on 31 March 2000. These branches are spread over 25 countries and located in major international centres like London, Singapore, Amsterdam, Bahrain, New York, Hong Kong, Tokyo, Frankfurt, Paris, etc. The largest concentration is in the United Kingdom (19) followed by Fiji Islands (9), USA (8 ), Singapore (6), Hong Kong and Mauritius (7 each), Sri Lanka (6), United Arab Emirates (6) and Japan (4). These branches specialize in various areas of international banking including financing of foreign trade. They cater to the needs of Indian exporters and importers and to that extent; they form an integral part of the domestic banking system. Besides these branches, Indian commercial banks are having 15 representative offices in USA, Brazil, Indonesia, Iran, Egypt, Russia, Italy, Zimbabwe, China, Uzbekistan, Philippines, Vietnam, Kazakhstan and Australia. Indian commercial banks are also having 14 wholly owned subsidiaries and eight joint ventures in USA, Canada, Zambia, Nigeria, Uganda, Bhutan, Mauritius, Kenya and Nepal.
wil post more info as soon as i find ...okies Milind?
Regard
Vishal
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