India presence: Foreign banks on Wait and Watch mode

CHALLENGES FOR BANKS According to PWC, compliance with capital requirements would also pose problem for foreign banks. Foreign bank account for less than 1 percent (334 branches of 43 banks) on Indias total branch network, about 7 percent of the total banking sector assets and a sizeable 11 percent of profits. For the remaining foreign banks, their exposure is below 1 percent. CHINA OVER INDIA The survey highlighted that majority of foreign banks prefer China to India as the most attractive destination.