The return on assets for foreign banks in India is 5.8 per cent in 2021-22, though it is down from 6.6 per cent in the previous year, it was 1.6 per cent higher in 2021-22 than overseas branches of Indian banks, according to the results. In the survey round for 2021-22 International trade in banking services,
The consolidated balance sheets of overseas branches and subsidiaries of Indian banks registered marginal growth in rupee terms during 2021-22, but (-)1.4 per cent and (-)1.4 per cent and (-) respectively when valued in dollar terms on account of cross-currency. ) decreased by 1.8 percent. movements, noted in the survey.
On the other hand, foreign banks in India have expanded their consolidated balance sheets by 10.3 per cent in rupee terms and 7.0 per cent in dollar terms.
reserve Bank of IndiaSurvey of International Trade in Banking Services (ITBS) on cross-border fund-based banking services (eg, deposits, credit) as well as financial ancillary services with explicit/implied fees/commissions from customers for overseas branches and foreign subsidiaries is focused. including joint ventures with Indian banks as well as foreign banks operating in India).
Deposits, which accounted for less than a third of the total liabilities of overseas branches of Indian banks, grew by 9.2 per cent in US dollar terms during the year. Foreign banks in India are also recording steady growth in deposits and their Reliance Collection on deposits is high (more than 60 per cent of total liabilities).
Easing monetary conditions in global markets led to a decline in interest income and expenditure of overseas branches of Indian banks during 2021-22. Their total income and expenses also decreased. There has also been a decline in the total income of foreign banks in India due to a 25 percent decline in non-interest income.
The latest round of the survey covers fourteen Indian banks having overseas branches/subsidiaries and 45 foreign banks having branches/subsidiaries in India.