Branch Network of Foreign Banks
Q. What is the share of Foreign Banks in total branch network in India?- Published on 16 Feb 17
a. Less than 1%
b. More than 5%
c. Around 4%
d. Around 3.2 %
ANSWER: Less than 1%
The Foreign banks account for less than 1% of total branch network in India.
These banks are registered and have their headquarters in a foreign country but operate their branches in our country.Some of the foreign banks operating in our country are -
- Hong Kong and Shanghai Banking Corporation (HSBC)
- American Express Bank
- Standard Chartered Bank etc.
The number of foreign Banks operating in our country has increased since the financial sector reforms of 1991.