Mumbai: Indian bank's overseas branches saw robust growth overseas of 36.5 percent in 2013-14, while foreign banks in India recovered from the slowdown with a growth of 20.6 percent, RBI data showed today.
On the fee side, income generated by Indian bank branches overseas, however, moderated to Rs 8,960 crore (USD 1.5 billion).
"Total fee income generated by 188 branches of Indian banks operating outside India moderated to Rs 8,960 crore (USD 1.5 billion) in 2013-14 from Rs 9,350 crore (USD 1.7 billion) in 2012-13.
"In the case of foreign banks operating in India, total fee income generated by 307 branches increased to Rs 7,960 crore billion (USD 1.3 billion) in 2013-14 from Rs 7,450 crore billion (USD 1.4 billion) in 2012-13," RBI said in its data release.
The cross-border presence of Indian banks has expanded steadily in the recent years, with the associated increase in employee-strength of their overseas branches and subsidiaries alongside, said the Reserve Bank.
The number of branches of foreign banks in India has shown some decline in 2013-14 after the consistent increase in the preceding four years, it added.
The UK, Hong Kong, UAE, Singapore, Bahrain and the US were the major source countries of banking services provided by overseas branches of Indian banks.
Overseas subsidiaries of Indian banks were mainly present in the UK and Canada, it said.
