Which Indian banks have branches in Canada?
- Asked By
- Updated On:02-Dec-2022
- Replies:1
Short Answer
Every year many Indians move abroad for study, work or settling down in Canada. And, they regularly need banking services from India for different purposes. The vast Indian expat and non-resident community in Canada are served by the following Indian banks:
- State Bank of India
- ICICI Bank
Detailed Answer
Benefits of Indian Banks in Canada
- Money can be easily repatriated to and from India and other countries.
- Investment becomes easy for NRIs e.g. mutual funds.
- Simple documentation, such as KYC, in the nation where the customer resides
- Greater interest rates than those offered by local banks.
State Bank of India in Canada
As a fully owned subsidiary of the State Bank of India, the largest commercial bank in India in terms of earnings, assets, deposits, branches, and staff, SBI Canada Bank was established in 1982.
SBI Canada Bank offers full-service banking, including accounts, mortgages, loans, remittances, and more, to fulfil the needs of our retail, business, and corporate clients.
At its locations in Toronto, Mississauga, Scarborough, and Brampton in Ontario, as well as Vancouver and Surrey in British Columbia, SBI Canada Bank provides warm, personal service.
Their knowledgeable team is prepared to make your banking experience swift and painless and is fluent in several Indian languages.
They provide products and services that are catered to the need of both individuals and businesses, such as quick account opening, affordable rates, and an easy-to-use mobile banking app.
ICICI Bank in Canada
ICICI Bank Canada is a wholly-owned subsidiary of ICICI Bank Limited, which is headquartered in Mumbai, India. India's top private sector bank is ICICI Bank Limited.
As of December 31, 2021, the Bank's consolidated total assets were worth US$226.39 billion.
ICICI Bank Canada was founded in December 2003 and is a full-service retail bank that is a participant in the Canada Deposit Insurance Corporation. As of December 31, 2021, its asset base was around C$6.0 billion.
The Bank provides a wide range of financial products to meet the needs of individuals, businesses, corporations, investors, treasuries, and traders.
So, these are the two main Indian banks with branches in Canada. You can approach their customer service for any banking services they offer and fulfill your requirements.
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Discussion (0)
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