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Branch Expansion of Foreign Banks in India
As on 29.8.2011, 38 foreign banks are functioning with 321 branches in India. Reserve Bank of India has given following approvals for opening maiden branch/branch expansion in India during 2010 and 2100:-
Branch/Branch expansion in India during 2010 and 2011:-
| Sl. No. | Name of the Bank | Approvals given in 2010 | Approvals given in 2011 |
| 1 | DBS Bank | 2 | – |
| 2. | Shinhan Bank | 1 | – |
| 3. | Barclays Bank | 2 | – |
| 4. | ANZ Bank Australia | 1 | – |
| 5. | Credit Suisse AG, Switzerland | 1 | – |
| 6. | National Australia Bank | 1 | – |
| 7. | Industrial and Commercial Bank of China Ltd. | – | 1 |
| 8. | Rabobank International | – | 1 |
| 9. | Woori Bank | – | 1 |
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to an Unstarred Question in Lok Sabha today.
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