Working Foreign Banks in India (Part I)

There are 16 Foreign Banks which are working in India.

1. AB Bank Ltd
2. ABN-AMRO Bank N.V
3. Abu Dhabi Commercial Bank Ltd
4. American Express Banking Corp
5. Antwerp Diamond Bank NV
6. BNP Paribas
7. Bank of America N.T. & S.A
8. Bank of Bahrain & Kuwait B.S.C
9. Bank of Ceylon
10. Bank of Nova Scotia
11. Barclays Bank PLC
12. Calyon Bank
13. Chinatrust Commercial Bank
14. Citibank N.A
15. Deutsche Bank (Asia)
16. DBS Bank Ltd

1. AB Bank Ltd. :

Introducing Bangladesh to its very first private sector bank; AB Bank Limited was incorporated on 31st December,1981. Arab Bangladesh Bank as formerly known started its effective operation from 12th April, 1982 with the mission to be the best performing bank of the country. AB has extensively widened its services over the last three decades in both home and abroad. The bank opened its very first branch at Karwan Bazar on 12th April 1982 and now has a successful footprint of 104 branches including one overseas branch in Mumbai, India and 270 plus ATMs spread across the country. It has associated 6 subsidiary companies including one exchange company in UK, Off-shore Banking Unit and Custodial services with its core banking activities. The Bank opened its Representative Office at Yangon, Myanmar and at London, UK for extending its foreign operations.

2. ABN-AMRO Bank N.V:

On 1 July 2010 the legal merger between ABN AMRO Bank N.V. (ABN AMRO Bank) and Fortis Bank (Nederland) N.V. (Fortis Bank Nederland) was completed, creating a combined entity called ABN AMRO Bank N.V. Click on our History timeline to see where we have come from or read about our predecessors.

It was back in 1985 when ABN AMRO first started supporting organizations in India that provide shelter, education and health care for young street children. The bank has set up the Support for India foundation to offer both financial and non-financial support & ties with a strong sense of commitment towards Indian society and the well-being of Indian street children, many of whom are left to fend for themselves by providing shelter, healthcare, education and rehabilitation and by helping them find jobs and pursue careers.

3. Abu Dhabi Commercial Bank Ltd:

ADCB India began operations in 1980 with the objective of further developing Indo-UAE trade relations and catering to the remittance and savings needs of the non-resident Indians working in the UAE and other countries in the GCC region. Over the last 30 years, ADCB has been in India serving these "niche" segments through its two branches - one in Mumbai and one in Bengaluru.

The India operations of ADCB are organised into three business segments: Liabilities, Corporate Banking and Trade Finance (CTF), and Treasury.

The key dates in the brief history of ADCB India are as follows:

1980 – THE DAWN OF ADCB INDIA: The Indian operations of Abu Dhabi Commercial Bank date back to 1980, when the former "Emirates Commercial Bank" was set up on December 9, 1980. On this day, the Bank commenced branch operations at its present premises in 75, Rehmat Manzil, Veer Nariman Road, Mumbai, 400020.

1985 – MERGER: In 1985, three commercial banks operating in the UAE were merged as a result of an Amiri Decree and a new bank was established under the name Abu Dhabi Commercial Bank. The banks that merged were the Federal Commercial Bank, the Khaleej Commercial Bank and the Emirates Commercial Bank. As a result of this merger, the Indian operation began functioning under the new name of "Abu Dhabi Commercial Bank".

1996 – ESTABLISHMENT OF BENGALURU BRANCH: As part of our expansion plans, the Bengaluru branch was set up and opened in 1996.

Another 13 Banks details will be in next Article............