Top 10 Overseas Banks in India 2025

From the vibrant markets of Chandni Chowk to the buzzing tech parks of Bengaluru, India is more connected to the world than ever before. As global trade expands and aspirations grow, the need for smooth and secure international financial transactions has become essential. Whether you’re sending money to loved ones abroad, managing an international business, or exploring global investment opportunities, overseas banks play a key role in making it all possible. In this guide, we’ll take a closer look at the top 10 overseas banks in India that offer seamless access to global financial services—helping you stay connected to the world, no matter where you are.

What Are Overseas Banks?

Overseas banks are financial institutions that operate in a country different from where they are headquartered. Simply put, if a bank is based in one country but has branches in another, it’s considered an overseas bank in the foreign location.

For example, imagine a French bank opening a branch in the United States—it would be seen as a foreign bank in the U.S. These banks play a crucial role in global finance by helping businesses and individuals conduct international trade and transactions smoothly. Whether it’s sending money across borders, managing investments, or financing international deals, overseas banks make global banking more accessible and efficient.

Types of Overseas Banks

When it comes to global banking, different types of banks serve different purposes. Let’s break it down in simple terms so you can see how they operate and why they matter.

Correspondent Banks

Ever wondered how money moves seamlessly across borders? Correspondent banks act as middlemen, connecting banks in different countries to process international payments, currency exchanges, and trade transactions. They’re especially useful for multinational corporations looking to simplify their global financial operations.

Edge Act Banks

These banks were created under a 1919 law to support international trade and finance. Based in the U.S. but focused on global business, they help facilitate transactions beyond domestic borders, operating under the watchful eye of the Federal Reserve.

Offshore Banking Centers

Located in regions with low or no taxes, offshore banking centers cater primarily to non-residents. They offer services like investment accounts and wealth management, often operating independently of local financial regulations. While they provide financial advantages, they also come with regulatory considerations depending on your home country’s laws.

Subsidiary Banks

Imagine a overseas bank wanting to operate in another country but under local rules—that’s what subsidiary banks do. Though owned by a foreign parent bank, they function as separate legal entities, ensuring they comply with the host country’s financial regulations.

Foreign Branch Banks

Unlike subsidiaries, foreign branch banks are not separate entities. They remain legally connected to their parent bank in another country, which means they must follow the financial regulations of both their home country and the nation where they operate.

Multinational Banks

These banks have branches or subsidiaries in multiple countries, offering financial services like loans, deposits, and foreign investment opportunities. They adapt their services to fit each country’s unique financial environment, making banking easier for businesses and individuals with global needs.

Representative Offices

Not every international banking presence involves actual banking transactions. Representative offices serve as a bank’s marketing and communication hub in foreign countries. While they don’t handle deposits or loans, they play a crucial role in building relationships and exploring potential opportunities for expansion.

By understanding these different types of banks, you get a clearer picture of how global finance works. Whether you’re an entrepreneur looking to expand internationally or simply curious about how banks operate across borders, knowing these distinctions can help you make informed financial decisions.

List of Top 10 Overseas Banks in India

1. HSBC

HSBC has been a part of India’s financial landscape for over a century and a half, building trust and innovation along the way. Its journey began in 1853 with the founding of the Mercantile Bank of India in Mumbai. Just two years later, the bank expanded its reach across key global trade hubs, setting up offices in Shanghai, Canton, Hong Kong, Singapore, Kolkata, Kandy, Colombo, Madras, and London.

By 1950, the bank had moved into its new head office at Flora Fountain in Mumbai, marking a new chapter in its Indian operations. A significant milestone came in 1959 when The Hongkong and Shanghai Banking Corporation Limited (HSBC) acquired the Mercantile Bank, further strengthening its presence in the country.

HSBC itself was originally founded in 1865 to support merchants trading along the China coast, bridging commerce between the United States, Europe, and China. Over the years, its role in India’s banking sector has been transformative. In fact, HSBC introduced India’s first-ever ATM in 1987—a move that revolutionized banking convenience for millions.

From its historic beginnings to its continued innovations, HSBC has been an integral part of India’s financial growth, shaping the way banking services evolve in the country.

2. Barclays Bank

Barclays Bank isn’t just a financial institution—it’s a major employer in India, providing jobs to over 23,000 professionals across banking, technology, and shared services. With such a vast workforce, Barclays plays a crucial role in shaping the Indian job market and contributing to the country’s economic growth.

The bank has been a part of India’s financial landscape since 1990 and has built a strong reputation in M&A advisory, investment banking, and corporate banking. It has consistently ranked among the top arrangers of domestic debt and offshore bonds, reinforcing its leadership in the industry. Barclays’ commitment to India is evident in its massive investment of over $800 million—one of the highest capital commitments by a foreign bank.

Beyond traditional banking, Barclays Securities & Investments Pvt Ltd (BSIPL) has emerged as a key player in Wealth & Investment Management. In just five years, it has earned a leading position in the market and has been recognized as the Best Private Bank in India for three consecutive years by The Asset.

Supporting Barclays’ global operations are Barclays Shared Services and Barclays Technology Centre India, which attract top talent to drive innovation and efficiency. Their expertise ensures that Barclays continues to deliver world-class financial services to customers worldwide.

With a strong presence, continuous investments, and a commitment to excellence, Barclays isn’t just growing in India—it’s helping shape the future of banking and finance in the country.

3. Standard Chartered Bank: A Legacy of Trust and Innovation in India

With a history spanning over 160 years, Standard Chartered Bank stands as one of the oldest and most trusted foreign banks in India. Its strong presence across 42 cities, with 100 branches, reflects its deep-rooted commitment to serving customers.

More than just a bank, Standard Chartered offers a comprehensive range of financial services—including personal, business, institutional, and corporate banking. To further enhance its offerings, the bank operates a Non-Banking Financial Company (NBFC) and a retail securities broking business. It was also the first foreign bank to establish a presence in India’s International Financial Services Centre (IFSC) at GIFT City, Gujarat.

On a global scale, Standard Chartered operates in 59 markets, driven by a mission to foster economic growth and prosperity. Whether you’re an individual, a business, or an institution, their financial solutions are designed to empower and support you on your journey to success.

4. Citi Bank

Did you know that Citibank has been around since 1812? Originally known as the City Bank of New York, it has grown into a global banking powerhouse with a strong presence in India since 1902. Today, Citibank operates through a network of offices and ATMs, serving millions of customers across the country. With a dedicated team of around 7,500 employees, the bank is led by Mr. Ashu Khullar, ensuring top-notch financial services.

What sets Citibank apart is its global reach—spanning 160 countries—combined with deep local expertise. By leveraging local banking licenses, the bank seamlessly connects with clients worldwide while understanding the unique political, business, and economic landscapes of each market. This expertise allows Citibank to handle trillions of dollars in transactions every day, cutting across borders, currencies, and asset classes. Whether you’re an individual looking for reliable banking solutions or a business needing international financial support, Citibank’s strong balance sheet and trusted reputation make it a solid choice in the Indian banking industry.

5. Deutsche Bank

Deutsche Bank has built a strong and profitable foundation in the private banking sector, securing its position as a leading financial institution in Germany and across Europe. As it continues to expand its footprint in Asia, North America, and key emerging markets, the bank remains committed to delivering world-class financial solutions.

With a team of over 90,000 employees across 57+ countries, Deutsche Bank is more than just a financial institution—it’s a trusted partner in wealth creation and management. Its goal is not only to be a top global provider of financial services but also to create lasting value for its clients, employees, and shareholders.

In India, Deutsche Bank offers a wide range of financial services tailored to both corporate and individual clients. From business process outsourcing and retail banking to wealth management, equities broking, and investment banking, the bank provides end-to-end financial solutions under one roof. Whether you’re an entrepreneur looking for business financing or an individual seeking expert wealth management, Deutsche Bank stands as a reliable and comprehensive financial partner.

6. Doha Bank

Established in June 2014, Doha Bank made its mark in India with its first branch in Mumbai. Today, it operates from Mumbai and Kochi, serving customers with a strong network of global trade finance and remittance services.

Beyond international banking, Doha Bank provides credit facilities, deposit options, and specialized NRI services. If you’re an NRI, you’ll find a fully-equipped NRI department at each branch, offering personalized financial solutions tailored to your needs.

With a commitment to seamless banking and global connectivity, Doha Bank continues to be a reliable choice for individuals and businesses alike.

7. BNP Paribas

Did you know that BNP Paribas has been a part of India’s financial landscape since 1860? That makes it the second-oldest foreign bank in the country! With over 150 years of experience, the bank has been a key player in supporting India’s economic growth and modernization.

What sets BNP Paribas apart is its ability to blend deep local expertise with a vast global network. Operating in 63 territories worldwide, the bank provides clients in India with seamless access to international financial opportunities.

Whether you’re looking for Corporate and Institutional Banking, Wealth Management, or Investment & Protection Services, BNP Paribas has you covered. These offerings are further strengthened by its subsidiary, BNP Paribas India Solutions, which operates from major hubs like Mumbai, Chennai, and Bengaluru.

With a legacy of trust and innovation, BNP Paribas continues to be a reliable partner for businesses and individuals navigating the ever-evolving financial world.

8. DBS Bank

DBS Bank, headquartered in Singapore, has built a strong presence in India, operating in major cities like Nashik, Bengaluru, Pune, Chennai, Kolkata, Delhi, and Mumbai. Whether you’re in the heart of a bustling metro or an emerging financial hub, DBS is making banking more accessible and efficient.

What sets DBS apart is its forward-thinking approach to digital banking. The bank is a pioneer in using technology to create seamless experiences, catering especially to tech-savvy customers who value speed and convenience. But beyond its digital strengths, DBS is a full-service bank, offering everything from institutional banking to wealth management and consumer banking—making it a trusted name in India’s financial sector.

DBS isn’t just about banking; it’s about people. With a diverse team of 26,000 employees from over 40 nationalities, the bank fosters a culture of innovation, inclusivity, and growth. If you’re looking for a career in banking that values passion and commitment, DBS provides exciting opportunities across Asia, helping employees thrive in a dynamic and supportive environment.

9. Bank of America

When you think of Bank of America (BofA), retail banking might come to mind. However, in India, the bank operates differently. Instead of offering everyday banking services to individuals, it focuses on corporate and investment banking, playing a crucial role in supporting businesses and financial institutions.

With offices in major cities like Bangalore, Delhi, and Mumbai, BofA provides a wide range of financial solutions tailored for multinational corporations and large enterprises. Their services include investment management, treasury services, corporate banking, mergers & acquisitions, trade finance, and capital markets expertise—all designed to help businesses grow and thrive.

Beyond its banking services, BofA has a technology and operations center in Mumbai that supports its global functions. While the bank is a well-known American institution, its Indian operations function as a separate entity, regulated by the Reserve Bank of India (RBI). This means its assets, liabilities, and board of directors are distinct from its U.S. operations, ensuring compliance with Indian financial laws and regulations.

Though BofA doesn’t offer personal banking in India, its strong corporate presence makes it a key player in the country’s financial landscape, supporting businesses with world-class expertise and global insights.

10. Bank of Bahrain and Kuwait B.S.C (BBK)

Since 1986, the Bank of Bahrain & Kuwait (BBK) has been a trusted name in India, offering a wide range of banking solutions. With four branches in New Delhi, Aluva, and Hyderabad, BBK is dedicated to delivering top-notch financial services.

What makes BBK stand out? It provides structured financing to mid-sized businesses and SMEs, along with External Commercial Borrowings (ECBs) for large corporations. The bank’s credit facilities, deposit products, and remittance services ensure a seamless banking experience for customers.

For Non-Resident Indians (NRIs), BBK goes the extra mile. Its branches have dedicated NRI desks offering personalized banking, investment opportunities in the stock market, portfolio investment services, and mutual funds. Whether you’re a business owner or an NRI looking for reliable banking solutions, BBK has you covered.

Conclsuion

Overseas banks are a vital part of India’s financial ecosystem, making it easier for individuals and businesses to connect with global markets. Whether it’s handling foreign currency transactions, trade finance, or investment solutions, these banks bridge the gap between local and international economies while ensuring compliance with global financial regulations. With leading names like HSBC, Citibank, Standard Chartered, and Deutsche Bank operating in India, customers can access world-class banking services and seamless cross-border transactions.

If you’re an entrepreneur seeking international banking solutions or an investor exploring global opportunities, choosing the right overseas bank can make a huge difference in your financial journey. As India’s economy continues to expand, these banks will play an even bigger role in supporting international trade and promoting financial inclusion. So, whether you’re growing your business or planning overseas investments, having the right banking partner can open new doors for success.