Indian banks and investment banks are investing in global financial centres such as London, New York, Singapore and Dubai to better serve the growing and very lucrative market for cross-border deals involving Indian companies.
Here’s a quiz question: Which Indian bank has the largest presence outside India?
The answer is not as easy and straightforward as it looks. The top spot is claimed by two banks – Bank of Baroda, which has 51 branches in foreign countries, and State Bank of India, which has 48 foreign branches and four subsidiary banks in London, New York, Nepal, and Mauritius.
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