Foreign Banks
Latest news, explainers and analysis on Foreign Banks. Tracking 2 stories on Arth Vani.
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Latest on Foreign Banks
Taiwan's CTBC Bank Establishes First Indian Branch in GIFT City
CTBC Bank, a leading financial institution from Taiwan, has officially opened its first branch in India within the Gujarat International Finance Tec-City (GIFT City). This move marks a significant step for the bank's international expansion and reinforces GIFT City's growing appeal as a global financial hub.
Foreign Banks Challenge Local Rivals as FCNR Deposits Surge 15-Fold to $8.97 Billion
Foreign banks in India have seen a massive 15-fold jump in Foreign Currency Non-Resident (FCNR) deposits, reaching $8.97 billion as of July 30. Major players like HSBC and Standard Chartered are narrowing the gap with domestic banks by aggressively mobilizing dollar-denominated savings from Non-Resident Indians.
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