Top 10 Foreign Banks in India 2025

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Top 10 Foreign Banks in India 2025

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Foreign banks offer a wide range of services and goods to customers belonging to their home country and other countries. They have to abide by the laws of both their home and host nations. India is home to numerous foreign banks. 

In this blog post, we will discover the top 10 foreign banks in India 2025. 

What are Foreign Banks?

Foreign Banks meaning can be explained as financial institutions that establish a branch outside of their home country. They have their registered office in one country and have several branches in other countries. 

The goal of foreign banks is to provide international clients with greater services and more convenience. 

List of Foreign Banks in India

In our list of foreign banks in India, we have included some of the leading foreign banks. Many Indian customers have accounts with these banks.

1. Standard Chartered Bank

Standard Chartered Bank is a British multinational bank. It has operations in wealth management, corporate and investment banking, and also treasury services. SCB has been present in India for over 160 years. It is one of the oldest foreign banks in India. 

SCB has a network of 100 branches across 42 cities. In India, its key business segments are Corporate, Commercial and Institutional Banking and Consumer, Private and Business Banking. 

SCB is a leading international banking group and is considered one of the top 10 foreign banks in India. It has presence in 53 dynamic markets across the globe. Its unique diversity serves as a catalyst for trade and prosperity. Its tradition and ideals are embodied in its brand promise, "here for good."

SCB offers a broad range of goods and services to satisfy the demands of its individual and corporate clients by utilizing their worldwide capabilities and in-depth local understanding of India. Through the use of innovation and technologies, its Global Business Service (GBS) centers in India redefine banking.

2. HSBC Bank

HSBC Bank’s full form is Hongkong and Shanghai Banking Corporation Bank. It is a British bank and financial services institution established in 1865. It is one of the largest banking and financial services companies in the world.

The beginning of HSBC's presence in India was marked when the Mercantile Bank of India was founded in Mumbai in 1853. The bank has had steady growth and today provides retail, corporate and commercial banking clients with goods and services.

HSBC offers transaction banking, treasury services, investment banking, advisory, foreign exchange, capital markets, fixed income and derivatives to corporate and institutional clients. 

3. Deutsche Bank

Deutsche Bank is a global investment bank with a successful private client franchise. The bank is a leader in Germany and Europe, and has been expanding steadily in Asia, North America, and important emerging markets. 

With over 90,130 workers across more than 57 nations, Deutsche Bank provides unmatched financial services globally. The Bank strives to be the top worldwide supplier of financial solutions for demanding customers, generating outstanding value for its stakeholders and shareholders.

In 1980, Deutsche Bank opened its first location in India, and it now has locations in 16 cities. In order to provide an international platform for Indian enterprises, the bank began operations at the IFSC Banking Unit in GIFT City, Gujarat, in 2022. 

Deutsche Bank provides comprehensive financial services to individual, corporate, and institutional clients in India. It offers business process outsourcing, retail banking, asset and private wealth management, institutional equities broking, and onshore investment banking services.

4. Barclays Bank

Barclays is a British multinational universal bank headquartered in London, England. It is one of the top global banks in India. Barclays has maintained a substantial presence in India since 1990. 

It has established itself as an industry leader in corporate and investment banking, offering its clients and coworkers around the world services related to technology, operations, and functions. Barclay’s has continuously been ranked as one of the world's most inclusive organizations. 

5. Bank of America

Bank of America is one of the leading financial institutions across the globe. It offers a wide range of financial products and best in-class advisory services. It has an award winning franchise in India with a client first attitude.

Bank of America has been operating in India since 1964. It is a key part of its global strategy. In India, the Bank of America has been offering a wide range of financial services such as asset management, banking and investing. 

For investment purposes, the Bank of America has a subsidiary known as BofA Securities India Limited (BofAS India). It is regulated by the Securities and Exchange Board of India (SEBI) and provides research, equity sales & trading, futures & options, electronic trading, equity capital markets, debt capital markets and mergers and acquisitions. 

6. NatWest Bank

NatWest Bank’s full form is National Westminster Bank. It is a major retail and commercial bank in the United Kingdom. After RBI’s approval on 24th June, 2019, the Indian branch of Royal Bank of Scotland was renamed to NatWest Markets Plc. 

New Delhi, Chennai, Bengaluru, and Gurugram are the main locations where NatWest Group India has five offices. Since 1921, it has been in India (as Royal Bank of Scotland). Its global network and in-depth local market knowledge enables them to address their clients' needs by combining their skills in debt capital markets, international transaction services, foreign exchange and rates, and balance sheet structuring and advising.

Its clients include the Indian government, major international corporations, high net worth individuals, and blue-chip Indian corporations.

For its corporate and institutional clients, NatWest has led many of the largest and most inventive landmark transactions in India by using its worldwide reach and the knowledge of its local professional teams. 

7. BNP Paribas

BNP Paribas is a French multinational universal bank and financial services holding company with headquarters in Paris, France. It is one of the top 10 global banks. 

Paribas assists all of its customers, including individuals, professionals, corporates and institutions in bringing their projects to successful conclusion through investment savings, financing and protection solutions. 

Through its branch in India BNP Paribas Securities India Private Limited, it provides equities and currency derivatives brokerage. It is a leading player across cash equities, equity derivatives execution and clearing.

8. Bank of Bahrain & Kuwait

Bank of Bahrain & Kuwait is a financial institution that provides retail, corporate and international banking. It is headquartered in Bahrain and has presence in Kuwait, India, UAE and Turkey. 

BBK has been present in India since 1986 as a scheduled commercial bank. It has two branches in India, one in Mumbai at Nariman Point and another in Hyderabad. Bank of Bahrain and Kuwait is one of the largest commercial banks in Bahrain and has 16 local branches there.

For over 50 years, it has been providing financial services with latest innovations and best solutions for every banking need. BBK takes pride in providing efficient, inclusive and convenient banking experience to redefine the way the customers handle their finances.

9. Wells Fargo Bank

Wells Fargo is an American Bank with international offices in London, Dublin, Paris, Singapore, Shanghai, Beijing, Tokyo and Toronto. It has presence in India and Philippines through its back offices with more than 20,000 employees. Wells Fargo is notably the first major national US-based bank to undergo a successful unionization drive.

A key component of Wells Fargo's strategy is to take advantage of unique benefits when conducting business globally. Wells Fargo India and the Philippines are an extension of Wells Fargo's corporate support, operations, and technology teams. 

It provides middle and back-end banking process solutions for a variety of Wells Fargo needs, as well as application development and support, testing, other technical services, foreign operations, and knowledge support. At present, it has offices in Manila, Hyderabad, Chennai, and Bengaluru.  

10. Doha Bank 

Doha Bank is a Qatar-based bank. It has overseas branches in Kuwait, UAE and India. It also has representative offices in China, Japan, Singapore, South Africa, UK, Turkey, Nepal and Bangladesh. 

Doha Bank is one of the top 10 foreign banks in India. It opened its first branch in India at Mumbai. Currently, it has two branches i.e., one at Sakhar Bhavan, Nariman Point, Mumbai and another at Kochi.

Doha Bank has a highly experienced team of professionals who are qualified to offer advice and guidance on NRI financial services. It allows individuals to open NRE and NRO accounts in India.

Conclusion

The top 10 foreign banks in India are Standard Chartered Bank, HSBC Bank, Deutsche Bank, Barclays Bank, Bank of America, NatWest, BNP Paribas, Bank of Bahrain & Kuwait, Wells Fargo Bank and Doha Bank. All these banks belong to different countries but operate in India through their Indian branches and back offices. 

They must adhere to the rules and regulations of their home country as well as the Reserve Bank of India (RBI). 

Frequently Asked Questions (FAQs): Foreign Banks

Q1. How many foreign banks are there in India?

A. At present, there are 45 foreign banks in India.

Q2. Which is the biggest foreign bank in India?

A. The Standard Chartered Bank is the largest foreign bank in India. It is headquartered in London, England.

Disclaimer: This article is based on the author’s personal opinion and may or may not represent views of the general public, institutions or organizations. 

|Also Read: Top 10 Finance Companies in India 2025

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