What is the share of Foreign Banks in total branch network in India?

a. Less than 1%

b. More than 5%

c. Around 4%

d. Around 3.2 %

ANSWER: Less than 1%

Explanation:

The Foreign banks account for less than 1% of total branch network in India.

These banks are registered and have their headquarters in a foreign country but operate their branches in our country.

Some of the foreign banks operating in our country are -

Hong Kong and Shanghai Banking Corporation (HSBC)

Citibank

American Express Bank

Standard Chartered Bank etc.

The number of foreign Banks operating in our country has increased since the financial sector reforms of 1991.