Lok Sabha Question No. 1081 (UNSTARRED), answered on 2017-07-21
Subject: Foreign Banks Profits
Ministry: FINANCE
Asked by: VIRENDRA  KUMAR

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO.†1081

TO BE ANSWERED ON THE 21 ST  July 2017/ Ashadha 30, 1939 (SAKA)

## Foreign Banks Profits

## †1081.  DR. VIRENDRA KUMAR:

Will the Minister of FINANCE be pleased to state:

- (a) the details of foreign banks operating in India;
- (b) the  details  of  the  profit  earned  by  the  said  banks  during  the  last  three  years  and  the current year, Bank-wise;
- (c) the percentage of profit sharing between the parent country of the bank concerned and India Bank-wise; and
- (d) the role of the Reserve Bank of India in regulating the operations of the said banks?

## ANSWER The Minister of State in the Ministry of Finance

## (SHRI SANTOSH KUMAR GANGWAR)

(a) to (d): The details of foreign banks operating in India, Net Profit / Loss of Foreign Banks and  Appropriations  -  Remittance  to  Head  Office  &  Appropriations  -  Remittance  to  Head Office  as  percentage  of  Net  Profit/Loss  for  FY  2014-15,  2015-16  &  2016-17  (Prov.), furnished by Reserve Bank of India (RBI) are given in the Annexure. Foreign Banks are also regulated / supervised by RBI like other commercial banks.

*******

Lok  Sabha  USQ  No.†1081  for  21.07.2017  regarding  'Foreign  Banks  Profits'.  The  details  of Foreign Banks, Net Profit / Loss of Foreign Banks and Appropriations - Remittance to Head Office & Appropriations - Remittance to Head Office as percentage of Net Profit/Loss are as under:-

(Amount in Rupees crore; Rates and Ratios in Per cent)

| Foreign Banks reporting to RBI-DBS                      | Net Profit/Loss   | Net Profit/Loss   | Net Profit/Loss   | Appropriations - Remittance to H.O. during FY   | Appropriations - Remittance to H.O. during FY   | Appropriations - Remittance to H.O. during FY   | Appropriations - Remittance to H.O. as percentage of Net   | Appropriations - Remittance to H.O. as percentage of Net   | Appropriations - Remittance to H.O. as percentage of Net   |
|---------------------------------------------------------|-------------------|-------------------|-------------------|-------------------------------------------------|-------------------------------------------------|-------------------------------------------------|------------------------------------------------------------|------------------------------------------------------------|------------------------------------------------------------|
| Foreign Banks reporting to RBI-DBS                      | FY 2014-15        | FY 2015-16        | FY 2016-17        | FY 2014-15                                      | FY 2015-16                                      | FY 2016-17                                      | FY 2014-15                                                 | FY 2015-16                                                 | FY 2016-17                                                 |
| ABU DHABI COMMERCIAL BANK PJSC                          | 14                | 17                | 16                | 0                                               | 0                                               | 12                                              | 0.00                                                       | 0.00                                                       | 74.95                                                      |
| AMERICAN EXPRESS BANKING CORP.                          | -73               | -25               | 49                | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| KBC BANK NV                                             | -11               | 14                | *                 | 0                                               | 0                                               |                                                 | 0.00                                                       | 0.00                                                       | -                                                          |
| AB BANK LIMITED                                         | 11                | 7                 | 8                 | 0                                               | 7                                               | 3                                               | 0.00                                                       | 99.86                                                      | 35.60                                                      |
| AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED         | 56                | 48                | 37                | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| PT BANK MAYBANK INDONESIA TBK                           | 0                 | 2                 | -17               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| BANK OF AMERICA , NATIONAL ASSOCIATION                  | 594               | 710               | 716               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| BANK OF BAHRAIN & KUWAIT B.S.C.                         | 17                | 1                 | 18                | 1                                               | 0                                               | 1                                               | 7.32                                                       | 0.00                                                       | 7.28                                                       |
| BANK OF CEYLON                                          | 12                | 15                | 25                | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| BANK OF NOVA SCOTIA                                     | 164               | 124               | -12               | 0                                               | 123                                             | 0                                               | 0.00                                                       | 98.71                                                      | 0.00                                                       |
| BARCLAYS BANK PLC                                       | 412               | 477               | 493               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| BNP PARIBAS                                             | 298               | 340               | 345               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| CTBC BANK CO., LTD.                                     | 1                 | -8                | -16               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| CITIBANK N.A                                            | 3,423             | 3,233             | 3,618             | 2,100                                           | 0                                               | 0                                               | 61.36                                                      | 0.00                                                       | 0.00                                                       |
| COMMONWEALTH BANK OF AUSTRALIA                          | -2                | -9                | -19               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK           | 97                | 71                | -150              | 0                                               | 0                                               | 54                                              | 0.00                                                       | 0.00                                                       | -35.69                                                     |
| CREDIT SUISSE AG                                        | 243               | 145               | 240               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| DBS BANK LTD.                                           | -275              | 9                 | 13                | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| DEUTSCHE BANK AG                                        | 1,406             | 1,186             | 987               | 0                                               | 99                                              | 0                                               | 0.00                                                       | 8.32                                                       | 0.00                                                       |
| DOHA BANK QSC                                           |                   | 12                | -9                | 0                                               | 0                                               | 0                                               | -                                                          | 0.00                                                       | 0.00                                                       |
| FIRSTRAND BANK LTD                                      | -64               | -68               | -30               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| HONGKONG AND SHANGHAI BANKING CORPN.LTD.                | 1,629             | 1,934             | 2,609             | 0                                               | 592                                             | 0                                               | 0.00                                                       | 30.59                                                      | 0.00                                                       |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA                 | 32                | 32                | -4                | 21                                              | 0                                               | 0                                               | 66.82                                                      | 0.00                                                       | 0.00                                                       |
| INDUSTRIAL BANK OF KOREA                                |                   | 5                 | 5                 | 0                                               | 0                                               | 0                                               | -                                                          | 0.00                                                       | 0.00                                                       |
| JPMORGAN CHASE BANK NATIONAL                            |                   |                   |                   |                                                 |                                                 |                                                 |                                                            |                                                            |                                                            |
| ASSOCIATION                                             | 871               | 703               | 952               | 1,109                                           | 0                                               | 540                                             | 127.33                                                     | 0.00                                                       | 56.68                                                      |
| JSC VTB BANK                                            | 0                 | -7                | 0                 | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| KEB HANA BANK                                           |                   | 6                 | 23                | 0                                               | 0                                               | 0                                               | -                                                          | 0.00                                                       | 0.00                                                       |
| KRUNG THAI BANK PUBLIC COMPANY LIMITED                  | 7                 | 6                 | 7                 | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| MASHREQ BANK PSC                                        | 12                | 20                | 16                | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| MIZUHO BANK LTD                                         | 176               | 264               | 166               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| NATIONAL AUSTRALIA BANK                                 | 15                | 14                | 16                | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| HSBC BANK OMAN S.A.O.G.                                 | -1                | **                | **                | 0                                               | 0                                               |                                                 | 0.00                                                       | -                                                          | -                                                          |
| COOPERATIEVE RABOBANK U.A.                              | 17                | 29                | -137              | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| SBERBANK                                                | 14                | 0                 | 1                 | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| SHINHAN BANK                                            | 80                | 65                | 72                | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| SOCIETE GENERALE                                        | 40                | 58                | 0                 | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| SONALI BANK                                             | 1                 | 2                 | 2                 | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| STANDARD CHARTERED BANK                                 | 3,051             | 1,007             | 2,440             | 0                                               | 2,257                                           | 0                                               | 0.00                                                       | 224.28                                                     | 0.00                                                       |
| SBM BANK (MAURITIUS)LTD.                                | 2                 | -43               | -34               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| SUMITOMO MITSUI BANKING CORPORATION                     | 100               | 146               | 142               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| THE BANK OF TOKYO-MITSUBISHI UFJ LTD                    | 212               | 189               | 531               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
|                                                         |                   | 29                | -18               | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| THE ROYAL BANK OF SCOTLAND PLC UNITED OVERSEAS BANK LTD | 117 21            | 35                | 8                 | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| WESTPAC BANKING CORPORATION                             | 27                | 24                | 46                | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| WOORI BANK                                              | 17                | 15                | 15                | 0                                               | 0                                               | 0                                               | 0.00                                                       | 0.00                                                       | 0.00                                                       |
| NATIONAL BANK OF ABUDHABI PJSC                          |                   | -4                | 4                 | 0                                               | 0                                               | 0                                               | -                                                          | 0.00                                                       | 0.00                                                       |

Source: Reserve Bank of India.

*KBC Bank was closed during FY 2016-17.

** HSBC Bank Oman was merged with Doha Bank during FY 2015-16.