Indian Banks and Financial Institutions

Leading nationalised and private sector banks in India, personal banking, NRI banking, corporate banking, business banking,....

India may not presently be high on your agenda. Nevertheless, it is time to sit up and reconsider your options because India is a nation on the move. Increasing external debt, balance of payments problems, insufficient value-added exports, etc., are hurdles of the past that India has already distanced itself from. All this has been possible because India has systematically set about achieving its goals.

Indian Banks

Banking in India started in the last decades of the 18th century. The first banks were Bank of Hindustan (1770-1829) and The General Bank of India, established 1786 and since defunct.

In 1969 the Indian government nationalised all the major banks that it did not already own and these have remained under government ownership. They are run under a structure know as 'profit-making public sector undertaking' (PSU) and are allowed to compete and operate as commercial banks. The Indian banking sector is made up of four types of banks, as well as the PSUs and the state banks, they have been joined since 1990s by new private commercial banks and a number of foreign banks.

Banking in India was generally fairly mature in terms of supply, product range and reach-even though reach in rural India and to the poor still remains a challenge. The government has developed initiatives to address this through the State bank of India and other public sector banks.

India Banks: US operations

  • Bank of Baroda New York
    One Park Avenue, New York, NY 10016
    Subway Station : 33rd Street on No 6 Line
    Ph: (212) 578 4550
    Ph: (212) 578 4556

  • Bank of India New York Branch
    277, Park Avenue, NY 10172
    Ph:(800) 232 2828/212 753 6100

  • Bank of India San Francisco, CA
    555, California St Ste 4646
    San Francisco CA 94104
    Ph:(415) 956 6326
    Ph:(415) 956 2129

  • SBI San Jose, California
    675 North First St #105
    San Jose CA 95112
    Ph:(408) 938 9240

  • SBI Newyork Down Town
    39 Broadway, 8th Floor
    New York NY 10006
    Ph:(212) 785 6633
    Fax:(212) 422 6248

  • Citi Bank Newyork
    7th Floor, 666 Fifth Avenue
    New York, NY
    Ph: (800) CITI NRI

  • Export-Import Bank of India DC
    1750 Pennsylvania Avenue NW Suite 320
    Washington DC 20006
    Ph:(202) 223 3238
    Ph:(202) 223 3239

  • Hongkong & Shanghai Banking Corporation HSBC
  • SBI Chicago
    19 South Lasalle Street
    Suite 200
    Chicago, IL
    Ph:(312) 621 1200

  • SBI Washington DC
    (Representative Office)
    2001 Pennsylvania Avenue
    N.W. Suite 625
    Washington DC
    Ph:(202) 223 5579

  • State Bank of India California
    707 Wilshire Blvd Suite 1995
    Los Angeles CA 90017
    Ph:(213) 623 7250

  • SBI Newyork
    460 Park Avenue
    57th Street and Park Avenue
    New York, NY 10022
    Ph:(212) 521 3200

  • SBI Artesia Branch
    17127 Pioneer Road Suite A
    Artesia CA 90701 2703
    Ph:(800) CITI NRI

  • State Bank of India (California)
    22019 Sherman Way
    Canoga Park, CA 91303
    Ph : (818) 251 9761 / 9763
    Fax : (818) 251 9780

  • SBI Nassau
    460 Park Avenue, 4th Floor
    New York, N.Y. 10022
    Ph:(212) 521 3200