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Foreign Banks in India 2020

The setting up of Foreign Banks in India has been started during 1850s by Britishers and the oldest among them were Standard Chartered Bank and HSBC which started their operations in India in 1858 and 1853 respectively. Foreign Bank is a bank of some other country which invests in India by opening its office here and grows its customer base. Currently, the Standard Chartered Bank is the largest among all the foreign banks present in India having around 100 branches in all major cities of India. .

Foreign banks have introduced many latest technologies and innovations in our banking system in India that have made the functioning very customer friendly and smooth. They have helped our banking system to become more competitive and more efficient. Reserve Bank of India (RBI) is the regulator of these banks and makes all the policies related to their operations in India. Currently India has total 46 foreign banks in India.

Find IFSC codes, SWIFT codes, MICR codes and all branches of foreign banks in India. You can also find IFSC, SWIFT, MICR code for any branch of any bank to make a NEFT payment or RTGS payment. Also, find ATM and branch location near by you with branch contact information.

You can explore more about their branches, IFSC, MICR code etc with the help of different links given below, list of foreign banks in India IFSC, MICR codes. All foreign banks operating branches in different states of india. Currently total 325 branches are present in India.

Benefits of Foreign Banks

  • Foreign banks promote globalization of Indian Economy
  • They have introduced many latest technologies, banking practices and innovations in our banking system in India
  • They have made banking system in India more smooth and customer friendly
  • They have enhanced the competition in Indian Banking Sector
  • Offer facilities for imports and exports
  • Helpful in the arrangement of foreign exchange more conveniently