Foreign Banks

Foreign banks in India registered robust credit growth of 8.4 percent during the year 2024-25, a marginal increase from 8.1 percent in the previous year.

RBI ramps up scrutiny on treasury operations, derivatives books in private, foreign banks

The central bank has increased scrutiny of the derivatives books of private and foreign banks, sources said. Scrutiny of other banks has increased after the IndusInd Bank earlier this year reported a Rs 1,959.8-crore discrepancy in its derivatives portfolio

Yes Bank's stake sale to SMFG could set the stage for more foreign interest in India's lenders, says Fitch Ratings

The acquisition of stake in Indian banking entities could benefit the acquiring banks as it would offer them a wider branch network, which in turn could propel franchise growth in India's competitive banking industry, said Fitch Ratings.

Foreign banks are snapping up short-term Indian bonds, Bank of America says

Foreign banks bought nearly 600 billion rupees ($7.2 billion) in all maturities since the start of June even as state-run banks and mutual funds sold, according to Clearing Corp. of India data. CCIL doesn’t break down the data by maturity.

SBI's Dinesh Khara on Adani Group issue: Foreign banks have not taken any guarantee

Sources with the State Bank of India (SBI) said that they have not seen any default by Adani Group in the past

Assets of foreign banks flourish in 2022

Assets of overseas banks like Citibank, JPMorgan Chase and Deutsche Bank increased after falling in the previous year, data with the Indian Banks Association show.

Foreign banks hike FD rates for select tenures; check details

Foreign banks are offering a higher rate of interest compared to leading private and public sector banks. These banks are offering interest rates as high as 7.25 percent.

Fable Fintech in talks with foreign banks to raise Rs 100 crore in FY23

The banking infrastructure company, which enables cross-border payments faster, cheaper and interoperable, is said to be in talks with more than six foreign banks to raise capital.

Citi joins list of foreign banks scaling down India operations with Rs 12,325 crore arm sale to Axis Bank

However, nearly all the major foreign lenders including those who do not have banking operations in the country, use India as a back office to support their global operations and employ thousands of techies in cities like Bengaluru and Pune.

DBS becomes second bank to get in-principle nod to operate as wholly-owned unit

RBI had issued the guidelines in late 2014 and DBS was the first to apply in early 2015, followed by at least two others.

Australia govt asks citizens visiting India to use e-payments

In the latest advisory issued yesterday, Department of Foreign Affairs and Trade (DFAT) said, "Indian authorities have replaced withdrawn 500 and 1,000 notes with new 500 and 2,000 rupee notes slowly entering circulation."

RBI tweaks ownership norms for private banks

The Reserve Bank of India has tweaked extant guidelines on ownership and shareholding structure for private sector banks.

Foreign banks not expanding due to India's riskier rating: Rajan

In a lecture titled 'Why Banks?' as part of the Marshall Lecture 2015-16 series at Cambridge University yesterday, Rajan said greater demand on banks to hold capital in the post financial crisis scenario has come at a cost.

China suspends forex biz for some foreign banks: Sources

Included among the suspended services are liquidation of spot positions for clients and some other services related to cross-border, onshore and offshore businesses, the sources said.

Offshore units come under Sebi lens for share manipulations

Top officials said the regulator is closely looking at possible instances where share prices of companies listed in the domestic stock market are being manipulated through offshore centres of foreign banks.

Citi net up by over 18% to Rs 3,423 crore in FY15

Citi India Chief Financial Officer Niraj Parekh expressed satisfaction at the performance saying, it comes in spite of the "uneven" and "unpredictable" growth scenario in the economy.

21 banks lower lending rates after RBI rate cut: Sinha

Reserve Bank of India had cut the repo rate by 0.25 percent on January 15 and further by 0.25 percent on March 4.

Disappointed by govt steps on black money issue: Jethmalani

The Rajya Sabha MP said he had written to the Prime Minster but had received no replies to his complaint.

Priority Sector Lending norms negative for foreign banks

The report is a recommendation given by a working group, so it is not yet the law. The priority sector used to take away 40 percent of the total loans given and there is a status quo over that.

Govt to give over 600 alleged black money holders' list

Jaitley said that the list will be given to the Supreme Court in a sealed envelope. However, he refrained from commenting whether the government is ready open to make the names public.

Govt to name those having prosecutable case: FM

Government will make public names of only those people against whom there is a prosecutable case in connection with tax evasion through offshore accounts, Finance Minister Arun Jaitley said today, amid the Congress asking for disclosure of all names of black money holders.

Indian banks' UK arms seen getting hit by BoE's new norms

After a consultation launched in February this year, the Bank of England has set out stringent limits for branches of foreign banks operating in the United Kingdom. Several Indian banks will feel the impact of these changes, reports CNBC-TV18‘s Sanjay Suri.

Foreign banks' WoS to be exempt from capital gains tax: RBI

The RBI said it was receiving queries from foreign banks regarding capital gains tax and incidence of stamp duty on conversion of existing foreign bank branches into wholly owned subsidiaries.

HSBC evasive on going wholly-owned subsidiary way

HSBC India has sounded evasive about converting itself into a locally incorporated entity, saying that changing the holding structure will not have a bearing on its broader strategy of doing business in the country.

Foreign banks await clarity before rejoicing RBI's WOS move

The income tax has already notified that the transition to a subsidiary will be neutral on capital gains tax. But bankers say there are yet to receive any forbearance on stamp duty, which is a state subject.