Deutsche Bank put about Rs 2,700 crore into Indian operations in August 2020 to support business growth Foreign banks
are increasingly shrinking their presence in the country but their India footprint tells only one part of the story. To track their business exposure to the country, Business Standard also looked at the India-linked credit and investment exposure they hold outside the country. This is bigger than the loan and investment book in India.
While interest earnings are the mainstay, the banks are also active in derivatives and treasury operations, adding substantially to their other income. Major developments:
In May 2016, HSBC scaled down its retail presence in India — from 50 branches across 29 cities to 26 branches across 14 cities. This was in line with changes in customer behaviour as they increasingly used digital channels for transactions.
Deutsche Bank put about Rs 2,700 crore into Indian operations in August 2020 to support business growth, including retail.
Two foreign banks have set up arms in India. Singapore-based DBS Bank also acquired Lakshmi Vilas Bank (LVB) in December 2020, while State Bank of Mauritius has limited presence.