Lok Sabha Question No. 1369 (UNSTARRED), answered on 2019-07-01
Subject: Foreign Operations of PSBs
Ministry: FINANCE
Asked by: Sudhakar Tukaram Shrangre, Devji Mansingram Patel

## GOVERNMENT  OF INDIA MINISTRY OF  FINANCE DEPARTMENT  OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO: 1369 TO BE ANSWERED ON THE 1 st  JULY, 2019/ASHADHA 10, 1941  (SAKA)

## Foreign Operations  of PSBs

## 1369: SHRI SUDHAKAR  TUKARAM  SHRANGARE: SHRI DEVJI M. PATEL:

Will  the Minister  of FINANCE  be pleased to state:

- (a) the  total   number   of  foreign   branches   and  other   operations   of  public   sector banks (PSBs) abroad  at present,  bank-wise  and country-wise;
- (c) the  fresh  steps  taken   by   the  Government   to  rationalise   unviable   overseas branch  operations  of these banks?
- (b) whether   the  Government   has  decided  to  close  certain   loss  making   foreign branches  of PSBs and if so, the details  thereof;  and

## ANSWER

## FINANCE  MINISTER

## To be answered by

## (S mt. Nirmala  Sitharaman)

- (b) and (c): A reforms  agenda based on recommendations  made by  Whole-Time Directors   and  senior   management   of  PSBs  was referred   by   the  Government   to PSBs for appropriate  action  as per approval  of bank  Boards.  The agenda covered, inter-alia, rationalisation of overseas operations  for cost efficiencies  and synergies  in overseas markets,  based on competitive  strength  and viability.
- (a):  Bank-wise   and  country-wise number   of  foreign   operations   of  Public   Sector Banks (PSBs), as on 31.5.2019,  is at Annex.

As per bank  inputs,  all PSBs having  foreign  operations  jointly  took  the initiative to prepare  a note in mutual  consultation  for rationalisation of their  foreign  operations for  cost  efficiencies   and  synergies   in  overseas  markets,   based  on  competitive strength,   viability and  commercial   considerations,   and  18  branches   have  been rationalised  since 1.1.2018.

Annex

## Number of foreign  operations #  of Public Sector Banks,  as on 31.5.2019

| Country       | A ll a h a b a d B a n k   | A n d h r a B a n k   | Ba nk of Ba ro da   | Ba nk of In di a   | Ca na ra Ba nk   | C e n tr al B a n k o f I n d i a   | C o r p o r a ti o n B a n k   | I n d i a n B a n k   | I n d i a n O v e r s e a s B a n   | Or ie nt al Ba nk of Co m m er ce   | Pu nj ab N ati on al Ba nk   | St at e Ba nk of In di a   | S y n d i c a t e B a n k   | U C O B a n k   | U n i o n B a n k o f I n d i a   | U n it e d B a n k o f I n d i a   |
|---------------|----------------------------|-----------------------|---------------------|--------------------|------------------|-------------------------------------|--------------------------------|-----------------------|-------------------------------------|-------------------------------------|------------------------------|----------------------------|-----------------------------|-----------------|-----------------------------------|------------------------------------|
| Australia     | -                          | -                     | 1                   | -                  | -                | -                                   | -                              | -                     | k -                                 | -                                   | -                            | 1                          | -                           | -               | 1                                 | -                                  |
| BahamasIsland | -                          | -                     | -                   | -                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | 1                          | -                           | -               | -                                 | -                                  |
| Bahrain       | -                          | -                     | -                   | -                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | 2                          | -                           | -               | -                                 | -                                  |
| Bangladesh    | -                          | -                     | -                   | -                  | -                | -                                   | -                              | -                     | -                                   | -                                   | 1                            | 4                          | -                           | -               | -                                 | 1                                  |
| Belgium       | -                          | -                     | 1                   | 1                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | 1                          | -                           | -               | -                                 | -                                  |
| Bhutan        | -                          | -                     | -                   | -                  | -                | -                                   | -                              | -                     | -                                   | -                                   | 1                            | 1                          | -                           | -               | -                                 | -                                  |
| Botswana      | -                          | -                     | 1                   | 1                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | 1                          | -                           | -               | -                                 | -                                  |
| Brazil        | -                          | -                     | -                   | -                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | 1                          | -                           | -               | -                                 | -                                  |
| Canada        | -                          | -                     | -                   | -                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | 1                          | -                           | -               | -                                 | -                                  |
| Cambodia      | -                          | -                     | -                   | 1                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | -                          | -                           | -               | -                                 | -                                  |
| CaymanIslands | -                          | -                     | -                   | 1                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | -                          | -                           | -               | -                                 | -                                  |
| China         | -                          | -                     | 1                   | 2                  | 1                | -                                   | 1                              | -                     | -                                   | -                                   | 1                            | 2                          | -                           | -               | 2                                 | -                                  |
| France        | -                          | -                     | -                   | 1                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | 1                          | -                           | -               | -                                 | -                                  |
| FijiIslands   | -                          | -                     | 9                   | -                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | -                          | -                           | -               | -                                 | -                                  |
| Germany       | -                          | -                     | -                   | -                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | 1                          | -                           | -               | -                                 | -                                  |
| Guyana        | -                          | -                     | 1                   | -                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | -                          | -                           | -               | -                                 | -                                  |
| HongKong      | 1                          | -                     | 1                   | 2                  | 1                | -                                   | -                              | -                     | 1                                   | -                                   | 2                            | 1                          | -                           | 1               | 1                                 | -                                  |
| Indonesia     | -                          | -                     | -                   | 2                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | 1                          | -                           | -               | -                                 | -                                  |
| Iran          | -                          | -                     | -                   | -                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | 1                          | -                           | 1               | -                                 | -                                  |
| Israel Japan  | - -                        | - -                   | - -                 | - 2                | - -              | - -                                 | - -                            | - -                   | - -                                 | - -                                 | - -                          | 1 2                        | - -                         | - -             | - -                               | - -                                |
| Kazakhstan    | -                          | -                     | -                   | -                  | -                | -                                   | -                              | -                     | -                                   | -                                   | 1                            | -                          | -                           | -               | -                                 | -                                  |
| Kenya         | -                          | -                     | 1                   | 6                  | -                | -                                   | -                              | -                     | -                                   | -                                   | -                            | -                          | -                           | -               | -                                 | -                                  |

| MaldivesIslands       | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | 4   | -   | -   | -   | -   |
|-----------------------|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|-----|
| Malaysia              | -   | 1   | 1   | -   | -   | -   | -   | -   | 1   | -   | -   | -   | -   | -   | -   | -   |
| Mauritius             | -   | -   | 9   | -   | -   | -   | -   | -   | -   | -   | -   | 1   | -   | -   | -   | -   |
| Myanmar               | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | 1   | -   | -   | -   | 1   |
| Nepal                 | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | 1   | 1   | -   | -   | -   | -   |
| NewZealand            | -   | -   | 1   | 1   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   |
| Nigeria               | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | 1   | -   | -   | -   | -   |
| Philippines           | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | 1   | -   | -   | -   | -   |
| Russia                | -   | -   | -   | -   | 1   | -   | -   | -   | -   | -   | -   | 1   | -   | -   | -   | -   |
| SaudiArabia           | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | 1   | -   | -   | -   | -   |
| Seychelles            | -   | -   | 1   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   |
| Singapore             | -   | -   | 1   | 1   | -   | -   | -   | 1   | 1   | -   | -   | 6   | -   | 1   | -   | -   |
| SriLanka              | -   | -   | -   | -   | -   | -   | -   | 3   | 1   | -   | -   | 4   | -   | -   | -   | -   |
| SouthAfrica           | -   | -   | 2   | 1   | 1   | -   | -   | -   | -   | -   | -   | 1   | -   | -   | -   | -   |
| SouthKorea            | -   | -   | -   | -   | -   | -   | -   | -   | 1   | -   | -   | 1   | -   | -   | -   | -   |
| Sultanateof Oman      | -   | -   | 3   | -   | -   | -   | -   | -   | -   | -   | -   | 1   | -   | -   | -   | -   |
| Tanzania              | -   | -   | 1   | 1   | 1   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   |
| Thailand              | -   | -   | -   | -   | -   | -   | -   | -   | 1   | -   | -   | -   | -   | -   | -   | -   |
| Trinidadand Tobago    | -   | -   | 1   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   |
| Turkey                | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | 1   | -   | -   | -   | -   |
| Uganda                | -   | -   | 1   | 1   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   |
| UnitedKingdom         | -   | -   | 4   | 5   | 1   | -   | -   | -   | -   | -   | 1   | 2   | 1   | -   | 1   | -   |
| UnitedStateof America | -   | -   | 1   | 2   | 1   | -   | -   | -   | -   | -   | -   | 5   | -   | -   | -   | -   |
| UnitedArabEmirates    | -   | -   | 7   | 2   | 2   | -   | 1   | -   | 1   | 1   | 2   | 3   | -   | -   | 2   | -   |
| Vietnam               | -   | -   | -   | 1   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   |
| Zambia                | -   | -   | 1   | 1   | -   | 1   | -   | -   | -   | -   | -   | -   | -   | -   | -   | -   |

Source: RBI

# Foreign  operation  includes  branches,  subsidiaries,  joint  ventures  and representative offices.