1) Best international bank: CitiBank
For the fifth year in a row, Kiplinger’s Personal Finance named Citibank the “Best Bank for Wealthy Families”, placing the Citigold option available to wealthy clients at the top of the list. Citibank India is a full-service onshore foreign bank operating in India. Its Indian headquarters are in Mumbai, in the Bandra Kurla complex in Maharashtra. It is a subsidiary of Citigroup, a New York-based multinational financial services company. Although the bank is headquartered in Mumbai, the majority of its employees are based in Chennai, Mumbai and Gurugram.
Citibank announced on April 15, 2021 that after 119 years in India, it will quit personal banking in 13 regions, including India, as part of a reorganization.
2) Best International Foreign Bank: Standard Chartered Bank
Standard Chartered plc, headquartered in London, England, is a British multinational banking and financial services company. It employs more than 87,000 people and has a network of more than 1,200 branches and points of sale in more than 70 countries. Standard Chartered is part of the FTSE 100 Index and is listed primarily on the London Stock Exchange. The Hong Kong Stock Exchange, the National Stock Exchange of India and OTC Markets Group Pink all have secondary listings. In 1858, Chartered established its first branches in Mumbai (Bombay), Kolkata (Calcutta) and Shanghai, followed by Hong Kong and Singapore in 1859. In 1862, the Bank began printing Hong Kong dollar banknotes. The bank offers exceptional credit card, private banking and wealth management services.
3) HSBC BANK
HSBC Bank India is a Mumbai-based bank which is a subsidiary of UK-based HSBC Holdings plc. The Reserve Bank of India regulates it as a foreign bank under the Banking Regulation Act, 1949. (RBI). HSBC Holdings is a multinational investment bank and financial services holding company headquartered in the United Kingdom. With total assets of US $ 2,984 billion, it is the second largest bank in Europe (as of December 2020). The Hongkong and Shanghai Banking Corporation established HSBC in London in 1991 to function as a new holding company for the group, tracing its origins to a hong in British Hong Kong. In India, it has more than 50 branches and serves a customer base of over 1 lakh of people.
4) DEUSTCHE BANK
Deutsche Bank AG is a Frankfurt-based global investment bank and financial services company that is double listed on the Frankfurt Stock Exchange and the New York Stock Exchange. The bank’s network spans 58 countries, with strongholds in Europe, the Americas and Asia of 5 lakh people. The bank employs up to 11,000 people in 18 branches and provides all basic financial services. On-shore investment banking, institutional equity brokerage, private asset and wealth management, retail banking and business processing outsourcing are some of the financial products and services it offers.
5) ROYAL BANK OF SCOTLAND
The bank currently has more than ten branches that offer services such as foreign exchange, corporate banking and insurance. It is believed to have over 700 branches and is one of the most reputable banks in the world. In India, the Royal Bank of Scotland was founded in 1921 with the aim of providing a full range of banking services. With the creation of its Microfinance activity in September 2003, RBS India started its activities. In disadvantaged areas, RBS has developed a three-year microfinance technical assistance initiative. RBS India started its activities in September 2003 with the launch of its Microfinance activity. RBS created a three-year microfinance technical assistance initiative in underserved communities.
DBS Bank Ltd, located in Marina Bay, Singapore, is a Singaporean multinational banking and financial services organization. Development Bank of Singapore Limited was the former name of the company before its current name was adopted on July 21, 2003, to represent the company’s evolving role as a global bank. DBS is Asia’s safest bank and its global strength has earned it a score among the best commercial banks and a place among the 15 safest banks in the world. These results demonstrate DBS’s reliability towards investors, corporate clients and retail depositors. Loans, credit cards and a plethora of NRI services are among the services provided by this world bank.
Barclays is included in the FTSE 100 Index and has its primary listing on the London Stock Exchange. The New York Stock Exchange has a secondary listing for this. The Financial Stability Board considers it to be a systemically important bank. Barclays plc, headquartered in London, England, is a UK global universal bank. Barclays is divided into two divisions: Barclays UK and Barclays International, with Barclays Execution Services as the service company. The bank, headquartered in Mumbai, has seven branches across the country. Commercial banking services, loans, credit cards and treasury solutions are just some of the main services provided by the bank.
8) BANK OF AMERICA
The Bank of America Corporation (often abbreviated as BofA or BoA) is a U.S. global investment bank and financial services holding company headquartered in Charlotte, North Carolina. Bank of America was founded in San Francisco in 1998 following the acquisition of BankAmerica by NationsBank. The bank started operations in 1964 and currently only has 5 offices in India. With 4.9 million customers, it remains one of the largest banks in the world.
BANK OF BAHRAIN AND KUWAIT
The Kingdom of Bahrain and the State of Kuwait founded the Bank of Bahrain and Kuwait on March 16, 1971. The people in general, the government of Bahrain and Kuwaiti banks and investment companies are among its shareholders. BBK provides a variety of banking services and products through its branches in Bahrain, Kuwait and India, as well as its representative office in Dubai, United Arab Emirates. In India, BBK has four sites: Mumbai, New Delhi, Hyderabad and Aluva. mbai, New Delhi, Hyderabad and Aluva.
Doha Bank is one of the best known commercial banks in Qatar. He conducted banking operations on March 15, 1979 in Doha, Qatar. On June 10, 2014, Doha Bank QPSC, Qatar opened its first branch in India in Mumbai, and now has three branches in India: Sakhar Bhavan, Nariman Point, Mumbai, Chennai and Kochi. The bank also has an extensive global network of correspondents to provide services related to trade finance and remittances. The bank offers credit and a variety of other services.
Based on their presence, functional branches or representative offices, clients and the products and services offered, these are the leading international banks in India.