India’s Foreign Banking Restrictions Expected to Tighten/Microloans Slow, Business and Industry Trends Analysis

Over the long term, India offers an outstanding growth opportunity to the banking industry.  India could grow into one the world’s top consumer markets, but it will be a long, slow effort.  Business and industrial growth potential is likewise outstanding, and India’s global trade should continue to soar, particularly in services.  However, foreign-owned banks from the U.S., UK and elsewhere have been expanding into India at a remarkably slow rate. The largest foreign banks in India include Standard Chartered, Citigroup and HSBC.  Collectively, foreign banks face restrictions which substantially limit the ability to open additional units.  Indian banks are required…

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