The journey to understand life begins with imagination, which is the driving force to understand data, information, knowledge, and wisdom, that’s why half of the circle is imagination.

Everyone has his/her vision, that vision would be small if s/he is limiting himself or herself only to data , it grows with information, knowledge and wisdom.

The real vision is completed when the circle of life is completed after the completion of 360 degrees through imagination, that’s why Einstein said “Imagination is more important then knowledge, for knowledge is limited, whereas imagination embraces the entire world”.

Knowledge sharing is one of the most important aspects of humanity. Without knowledge and information, one cannot think, cannot process and cannot get work done.

This section is a place for you to read, write information on various aspects of Human life. Get to know about articles related to sports, computer and technology and about the latest news going on around in the world. Get to know about what is going on in the world of sports and politics about your sports. We are here to help you in gathering information and share our experience for the job seeking candidates searching for tips on the internet.


Foreign banks are those banks whose branch offices are in India but they are incorporated outside India, and have their head office in a foreign country. These banks were allowed to set up their subsidiaries in India from the year 2002. They have to operate their business by following all the rules and regulations laid down by the RBI - Reserve Bank of India. They have to pay more attention to the priority sector by giving them a special place in bank lending. These banks are expected to follow all the banking regulations, just like any other domestic banks. The foreign banks can operate in India only, if they have a sound financial status. They must have a minimum of 25 million US dollars in minimum 3 branches. The first branch and the second branch must have 10 million US dollars each. The third branch should have a minimum of 5 million US dollars. The foreign banks are permitted to open up more branches in the country, if the performance of the bank is more than satisfactory and it matches the criteria laid adopted by the domestic banks. There are 40 foreign banks from 21 different countries operating in India. The business is conducted with the help of more than 205 branches. These branches are located in more than 15 states which includes union territories. Apart from these banks there are representative branches operating in India from 12 different countries.

Foreign banks who wish to open up branches in India have to apply to the RBI. These banks should be able to satisfy the RBI regulations. The banks should also get permission from their home country to set up branches in India. Other factors that are considered while approving the application of setting up the presence of foreign banks in India are as follows:

Financial soundness of the foreign banks

Economic and political relations between the home country of the foreign banks and India.

International ranking of the bank

Home country ranking of the bank

International presence of the bank

Rating given to the bank by international rating agencies

Foreign banks have played an important role in the Indian economy, especially in the priority sectors. Globalization has compelled the banking sector to reach out to more customers in order to expand their business. This meant opening banking businesses even in the foreign countries. Many of the private banks were interested in expanding their business all over the world. They opened up branches across the globe to serve large number of customers, and also improve service to the existing customers. This change was a blessing for India. Currently, the foreign banks are growing tremendously in India.

The services provided by these banks are very impressive. The presence of these banks in India brought a lot of technical development. Banks of all categories, be it a domestic bank or an international bank, started using the latest technologies to provide better service to the customers. The technological development saved a lot time of the customers as well as the bankers. They introduced innovative and unique banking practices in India.

The previous years witnessed cut throat competition in the banking sector with the presence of foreign banks. The competition has compelled banks to come up with something new that no other bank can provide to the customers. Banks are partially a part of the service industry. The main objective of all the banks was to provide a better service to a large number of customers and look after their financial requirements. Customer satisfaction was a priority for domestic banks as well as the foreign banks.

Here is a list of some foreign banks operating in India.

ABN Amro Bank NV

Abu Dhabi Commercial Bank Ltd.

American Express Bank Ltd.

Arab Bangladesh Bank Ltd.

Banca di Roma

Banco Bibao Vizcaya Argentina SA

Bank of America NA

Bank of Ceylon

Bank of Muscat S.A.O.G

Barclays Bank

BNP Paribas

China Trust Commercial Bank

Citibank NA

DBS Bank Ltd.

Depfa Bank PLC

Deutches Bank

HSBC - Hong Kong and Shanghai Banking Corporation

JP Morgan Chase Bank

National Australia Bank

Oman International Bank S.A.O.G

Overseas Chinese Banking Corporation Ltd.

Scotia Bank

Standard Charted Bank

State Bank of Mauritius Ltd.

Taib Bank

The Siam Commercial Bank

UFJ Bank Ltd. (The Sanwa Bank Ltd.)