Foreign Banks Branches Closing

Loans and advances of foreign banks operating in India rose about 13 per cent to nearly Rs 3.97 trillion in 2018-19.This was slightly ahead of the 11 per cent growth in this regard at scheduled commercial banks in general, comprising private, government-owned, foreign and small finance banks (SFBs). The loan book of private banks grew at a much higher rate, of 25 per cent. Public sector banks expanded theirs' by only 4 per cent. SFBs, a group of recent origin, showed 70.5 per cent growth in loans. Deposits at foreign banks rose 17 per cent in FY19, to Rs 5.8 trillion, from Rs 4.95 trn the previous year. Their capital base increased to Rs 77,809 crore, from Rs 67,883 crore, a 15 per cent increase, according to the Reserve Bank's (RBI's) report on 'Trends and Progress of Banking in India 2018-19'. Foreign banks' borrowings increased to Rs 1.51 trillion in FY19, from nearly Rs 1.3 trn, an 18 per cent spike. Other assets rose by 67 per cent over the year, to Rs 1.47 trn.The number of ..

Loan book and branch network stand reduced as parents go slow on India

Foreign banks had 317 branches in 2015-16; it has reduced to 286