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Banking, India

Foreign Banks in India: StanChart, Deutsche Bank get new licenses

The bigger foreign banks in the country, SCB and HSBC have not activated new branches since 2009 and hold 94 and 50 branches respectively. Even as equity marets get bullish and a return to expansionaory policy is considered byt he Central bank, rate cuts following ina few months, not many foreign operations are considering a retail presence and growth in India since 2007 when DBS and Barclays showed interst and since have not expanded after 2 branches apiece in 2010.

This year, with no new branches the 5 licenses given will take SCB’s strength to 97 and Deutsche Bank to 17 with additions in Ahmedabad and Surat

Global players hold 7% of the assets in the Indian market, HSBC leading with $6bln in assets

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About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

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