Top 10 Foreign Banks in India

    The history of money lending operations in India can be traced back to 2000 BC although there weren’t any specific institutions dealing with the same. The advent of Europeans on Indian shores bought with it the emergence of multiple banks operating via branches in India . Till about 1842, the Oriental Banking Corporation was the only bank to obtain the charter to operate out of India. Post 1853, other nations like France, Germany, Holland, Portugal, Russia the U.S.A., and Japan followed England’s example, and opened branches in India concentrating mainly at the Indian Ports. A few examples to quote will be the Grindlays and Company, Netherlands India Commercial Bank , Bank of China among others. Post independence, the initial phase of banking reforms ushered in a new era , triggered by recommendations of the Narasimhan Committee in 1991 enabling the licensing of private sector banks in the country. This in addition to the globalisation of the economy increased foreign participation in Indian trade gave rise to a lot of interest in the Indian banking sector in the following decades. Today India is one of the top growing economies in the world and an attractive avenue for global banking institutions. Here is a quick glimpse at top ten foreign banks in India.

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    10Doha Bank

    Doha Bank is one of the largest banks originating in the State of Qatar. It dates back to 1978 when it was incorporated. It kicked off its domestic and international banking services in the capital city of the State of Qatar, Doha a year later in 1979. Doha Bank is one of the leading financial companies in Qatar and is committed to disrupt the banking space in the State of Qatar. Through innovative technologies and the ingenuity of its people, Doha Bank provides individuals and commercial, corporate and institutional clients across Qatar and even internationally, new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose through an extensive network, and multiple access channels.

    Doha Bank aims to be recognised as a dynamic, modern bank with enduring age-old values. The bank has achieved very impressive results in over two decades of its history. This has been a combined result of the management’s foresight, employee dedication and tremendous customer response. Doha Bank launched their first branch in India at Mumbai in 2014. The bank now has 3 branches in the country with Kochi and Chennai being the other two cities.

    The Doha Bank, India is headquartered at Sakhar Bhavan, Nariman Point at Mumbai. The Bank offers credit facilities, range of deposits, NRI services. Banks branches in India has fully equipped NRI department to provide personalised services to its NRI customers.

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