The United States of America is a respected force in the financial field, and it’s pretty safe to say that they have some of the largest and best banks in the entire world. When it comes to global positioning, there are US banks spread out across many countries worldwide, and quite a lot of them are situated in India.
India is a developing country as well, and with their rate of progress, they’re expected to become a world-leading force in the next couple of years. We already know that their citizens are progressing a lot in the tech industry, and other fields are not an exception either. The United States of America has a lot of skills when it comes to predicting which place is good for business and overall economic development, which is one of the main reasons why they have some of their largest and best banks located in India.
In today’s article we’re going to look at the top five most popular US banks which are currently situated in India, so if you are willing to learn some more, feel free to continue reading until the end. Let’s take a look at what you need to know.
1. Bank of America
This one is often called “BofA”, so don’t be confused if you read that abbreviation somewhere when looking for banking services worldwide. It exists for a very long time and it has more than four thousand and six hundred centers spread out across the map as of 2020. The founder of it is Amadeo Giannini and its headquarters are based in North Carolina, Charlotte.
BofA has an incredible number of close to sixteen thousand ATMs worldwide, making it one of the most successful competitors in this field. Currently, they have a strong presence in India, and since BofA is very reliable, if you’re a citizen who requires such services, we strongly recommend them.
2. American Express Banking Corp
Just like BofA is a popular abbreviation that people use for the popular Bank of America, AMEX is used for the American Express Company, a corporation that offers financial services to millions of people worldwide. AMEX was founded back in 1850 which is 170 years ago, and it’s a very impressive number considering that some things remain unchanged from that time.
AMEX is still up and running, even better than it was in the past, and the official headquarters are based in New York. AMEX is founded by three people, William Fargo, Henry Wells, and John Warren Butterfield. Currently, they are present in India and they offer their services to all citizens from that country.
3. Citibank N.A
Citibank is founded even earlier than AMEX and BofA, 207 years ago to be more precise, on June 16th, 1812. It was meant to become the official bank of New York, and it did become the first national one a few years later. Currently, the CEO of Citibank is Michael Corbat. The company offers all sorts of products and services, such as credit cards, personal loans, lines of credit, mortgages, and commercial loans as well. They are present in India, and their services are available to all citizens of that country. You can take a look at thebankerblog.com if you’re looking to find some more detailed information about other financial services that are based in the United States but spread out globally in many other countries as well.
Citibank is known for its quick technological adaptations and evolvements, so if you’re looking for a service that’s modern and follows all of the latest trends for the best possible user experience, we suggest that you take a further look into what they have to offer.
4. J.P. Morgan Chase Bank
When we talk about large banks and globally-known financial services, we cannot exclude J.P Morgan Chase & Co. Currently, it is ranked as the sixth-largest banking corporation in the world when all assets are taken into consideration. Approximately, the value of all their assets is more than two and a half-trillion dollars, making it the largest bank in the United States.
It was founded on September 1, 1799, which is 220 years ago, and it’s still up and running, battling it out with the rest of the titans, four of them being from China and one from Japan. The founder of it is Aaron Burr, and the CEO is Daniel E. Pinto along with Jamie Dimon. All of their services are available in India, just like the rest of the names we mentioned on our list.
J.P. Morgan Chase Corp received numerous investments throughout the past few decades, and judging by their revenue, they were all used correctly. As of 2019, the revenue is 115,627 billion dollars. There are more than two hundred and fifty thousand employees measured as of late 2019, meaning that the number can be even higher right now.
5. Wells Fargo N.A
Last but not least, we have Wells Fargo, a bank that recently changed their logo, but their amazing service remains the same. It was made back in 1852 in Des Moines, by Henry Wells and William Fargo. Currently, the official headquarters are based in San Francisco, California.
Wells Fargo offers insurance, banking, and financial services, and it has more than thirteen thousand ATMs spread out worldwide, and that number is just from 2018, meaning that it can be potentially higher at the moment. They have more than eight thousand locations as well, and their services are available in India. Back in 2018, they had approximately seventy million customers.
Back in 2015, Wells Fargo received the title of being the seventh most respected company in the entire world, and the 22nd most admired on as well. It’s pretty safe to say that Wells Fargo is an AAA-rated bank.
We use banking services daily, and our modern lifestyles require us to find a trustworthy company that we can use for as long as we need to save or spend our money through. In India, there are currently five top-tier American banks available, and we included all of them in the list with a slight description and a brief history added for each one of them.