Investment
in India - Banking System
Banking System - Banks In India
Public
Sector Banks in India | Private
Sector Banks in India | Cooperative
Banks in India | Regional
Rural Banks in India | Foreign
Banks in India | Upcoming Foreign Banks in India
Upcoming
Foreign Banks In India
By 2009 few more names is going to
be added in the list of foreign banks in India. This is as an aftermath
of the sudden interest shown by Reserve Bank of India paving roadmap for
foreign banks in India greater freedom in India. Among them is the
world's best private bank by EuroMoney magazine, Switzerland's UBS.
The following are the list of foreign banks going to set up
business in India
- Royal Bank of Scotland
- Switzerland's UBS
- US-based GE Capital
- Credit Suisse Group
- Industrial and Commercial Bank of
China
Merrill Lynch is having a joint
venture in Indian investment banking space -- DSP Merrill Lynch. Goldman
Sachs holds stakes in Kotak Mahindra arms.
GE Capital is also having a wide presence in consumer finance through
GE Capital India.
India's GDP is seen growing at a robust pace of around 7% over the next
few years, throwing up opportunities for the banking sector to profit
from.
The credit of banks has risen by over 25% in 2004-05 and the growth
momentum is expected to continue over the next four to five years.
Participation in the growth curve of the Indian economy in the next
four years will provide foreign banks a launch pad for greater business
expansion when they get more freedom after April 2009.
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