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Indian banks expanding overseas footprint: RBI Report

Indian banks increased their overseas presence through the subsidiaries route and their employee strength rose by 0.5 per cent and 6.2 per cent for foreign branches and subsidiaries, respectively,. ....

United Kingdom , Hong Kong , United Arab Emirates , Nirmala Sitharaman , Finance Minister Nirmala Sitharaman , Indian Banks , United Arab Emirates , Foreign Branches ,

RBI Mumbai: Presence of Indian banks via subsidiaries increased to 417 in FY23: RBI

Indian banks increased their overseas presence to 417 in 2022-23, according to a Reserve Bank of India survey. Employee strength also rose by 0.5% and 6.2% for foreign branches and subsidiaries, respectively. However, the number of branches and employees of foreign banks in India contracted to 774. The shift of retail business from a major foreign bank to a domestic private sector bank led to a decline in aggregate deposits and credit, but increased capital and investments. ....

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