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A foreign bank is a bank that was established in a different country and is also serving customers of Another Country. Foreign banks operate in India, just the way the local banks do. They are bound by all the rules and regulations that are applicable to banks based out of India and they are governed by the Reserve Bank of India that controls/governs all banks operating in India. Some of the foreign banks that operate in India are:
- Citibank
- HSBC
- Standard Chartered
- Barclays
- Etc.
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