Foreign Banks
Japan's SMBC gets RBI nod to open India subsidiary after Yes Bank stake deal
Japan's Sumitomo Mistsui Banking Corp gets approval of the Indian central bank to open a wholly-owned subsidiary in India. This comes after SMBC's Yes Bank stake deal last year and is the second such RBI approval to a foreign bank in eight months.
2 min read14 Jan 2026Standard Chartered doubles down on affluent customers through launch of priority banking
The foreign bank first unveiled its affluent market strategy in October 2024. Earlier, it offered all products to all segments of customers–similar to India's private banks.
2 min read13 Jan 2026RBI tightens rules for foreign bank exposure to overseas branches
The final amendments remove ambiguities in the treatment of foreign bank exposures and align the framework with evolving bank structures and global practices, the regulator said.
1 min read4 Dec 2025Deutsche Bank puts India retail banking business up for sale, says report
Deutsche Bank is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the country, making it the latest foreign bank to consider trimming its bets on the country, Reuters reported.
2 min read1 Sep 2025RBI reviewing bank ownership rules, may allow foreign lenders to hold 26% stake
Currently, while foreign investors, including portfolio investors, can own up to 74 per cent in Indian banks, regulations cap a strategic foreign investor's stake at 15 per cent. However, the RBI can review and allow request by an investor to raise the stake to 26 per cent.
1 min read15 Jul 2025ANZ ploughed capital into India in last two years. It is ready to do so again.
According to group executive Mark Whelan, India is the only market where ANZ has increased capital over the last two years. Further capital addition will be determined by how quickly it can sign up new customers
3 min read17 Apr 2024What is causing foreign banks to withdraw from India?
Foreign banks confront a number of challenges, including fierce rivalry from domestic banks, a complex tax framework, hefty capital requirements, and restrictions on bank expansion.
6 min read17 Apr 2022RBI reviewing bank ownership rules, may allow foreign lenders to hold 26% stake
Currently, while foreign investors, including portfolio investors, can own up to 74 per cent in Indian banks, regulations cap a strategic foreign investor's stake at 15 per cent. However, the RBI can review and allow request by an investor to raise the stake to 26 per cent.
1 min read15 Jul 2025