Global banks

Global banks are taking over the banking sector in India as there are more than 45 international banks present in the market. Global banks in India have become so powerful over the years that people have forgotten they are international banks. With the rise in global exchange in culture and while working, people who are working in a foreign country prefer to create an account in these international banks. Similar to popular food chain restaurants like Dominos, Pizza hut, KFC, McDonald’s and more, these global banks also have proven how they have provided national and international benefits to the general public of various countries.

Here are the top three global banks present in India who have a stronghold in the current banking sector:

Citibank:

Citibank is one of the most famous and oldest bank presents in India. Headquartered in New York City in the United States of America, the bank was first introduced in India, in the year 1902. Citibank is known for having more than 75000 employees under the organisation, therefore making it the strongest global bank present in India. A lot of Indian organisations have collaborated with the bank for creating the salary account for their employees including various multinational corporations. Therefore, the accounts are being used by employees even when they are transferred to international branches in foreign countries. There are several other benefits offered to an NRI other than the benefits offered to the citizen of India.

Standard Chartered Bank:

Standard Chartered Bank is the dream bank for all CA students in India. Amongst all the global banks present in India, Standard Chartered is considered as the second most popular bank after Citibank. There are branches of the bank available throughout the 29th states and 7 union territories present in India. Some of the branches are also available in the rural and town areas in India. Standard Chartered bank was formed in the year 1969 when the Chartered Bank of India, China and Australia merged with Standard Bank of British South Africa. This bank offers various services mainly to the business sector as most of the services are specially designed for the corporate, institutional, commercial, private and retail banking sector.

HSBC Bank:

Ranking number 3 in the list of global banks in India, HSBC was first introduced in 1853 in India. This bank is the oldest global bank present in India which is still doing well in the market. Apart from providing debit and credit card facilities to the general public, HSBC is also known for providing loan facilities and foreign exchange facilities to the public at a reasonable rate. It is one of the wealthiest banks in India as the bank has tied up with various well-known organisations for promotions and other services.

These are the top three global banks in India who have been providing various national and international services to the citizens and NRIs alike. With these global banks, you won’t have to worry about managing your national and international account separately.