Q. How many foreign banks are there in India at present?
Answer: 44
Notes: As of 2026, there are approximately 44 to 45 foreign banks operating in India. These institutions operate through a network of branches, wholly-owned subsidiaries, or representative offices, mainly focusing on metropolitan areas and handling about 7% of total banking sector assets. Prominent examples include Citibank, HSBC, Standard Chartered, and Deutsche Bank.