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)
  • Citibank
  • 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.

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