Indian Banks and Financial Institutions

nationalised and private sector banks in India, personal banking, NRI banking, corporate banking, india money transfers, business banking,....

India Banks
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. Save on money transfer services to india, get the best exchange rates to send money to India & Reliably transfer money to loved ones.

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 Business & Financial News

India Banks: US operations

  • SBI Chicago
    19 South Lasalle Street
    Suite 200 Chicago, IL

  • SBI Washington DC
    (Representative Office)
    2001 Pennsylvania Avenue
    N.W. Suite 625 Washington DC

  • State Bank of India California
    707 Wilshire Blvd Suite 1995
    Los Angeles CA 90017

  • SBI Newyork
    460 Park Avenue
    57th Street and Park Avenue
    New York, NY 10022

  • SBI Artesia Branch
    17127 Pioneer Road Suite A
    Artesia CA 90701 2703

  • State Bank of India (California)
    22019 Sherman Way
    Canoga Park, CA 91303

  • SBI Nassau
    460 Park Avenue, 4th Floor
    New York, N.Y. 10022

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