opening of branches representative offices by foreign banks in India

Application form for opening of branches representative offices by foreign banks in India

i) BRANCH OFFICE
Application by a foreign bank to Reserve Bank of India
for grant of licence to open its maiden branch in India
I. General Information
1. Name of the applicant bank:
2. Place and date of incorporation;
3. Address of Head Office:
II. Ownership & Management
1. List of names and addresses of directors and their
 qualifications and principal business
 Name & address Qualifications Principal
 business
2. Details of shareholders holding 10 per cent or more of voting
 stock and their principal business
3. Name of the Chief Executive Officer
4. Name & designation of senior official at Head quarters that will be
 responsible for the bank's operations in India
III. Structure
1. Organisational chart showing subsidiaries and associated
 companies
2. Countries in which the bank and its subsidiaries operate
3. No. of domestic and overseas branches
IV. Financial Position
1. Highlights of financial position of the bank based on last
 three years financial statements
2. Capital adequacy ratio as per BIS standards indicating
 Tier - I and Tier - II capital separately
3. Ranking in home country and global ranking
4. Credit ratings by international credit rating agencies
V. Supervisory Arrangements
1. Details of supervisory arrangements to which the bank
 is subject in its country of origin.
2. Home country regulations on entry of foreign banksVI. Details of existing relationship with India
1. Details of correspondent banking relationships with Indian
 banks and the aggregate amount of lines of creditor other
 limits extended to them.
2. Details of foreign currency loans extended to Indian companies
and other types of business transacted such as underwriting of equity/
debt issues of Indian companies etc.
VII. Details of proposed branch operations in India
1 Location of branch:
2. Details of proposed initial capitalisation :
3. Number of expatriate officials proposed to be posted in India
4.Purpose of opening the branch in India the benefits to the different
 sectors in the Indian community and activities proposed to be undertaken.
5. Business Plan.
VIII .Documents to be enclosed
1.Copies of Memorandum Articles of Association or similar documents
2.Last three years financial statements
.Certificate from supervisory authority that the applicant bank is duly authorised as a bank, is
of good standing and it is under consolidated supervision.
4.Copy of the approval/authorisation given by the home country supervisor/ regulator
permitting to open a branch in India.
5. Approval letter from the Bank's Board.
ii) REPRESENTATIVE OFFICE
Application by a foreign bank to Reserve Bank of India for
grant of permission to open its Representative office in India
I General Information
 1. Name of the applicant bank :
 2. Place and date of incorporation :
 3. Address of Head Office :II. Ownership & Management
 1. List of names and addresses of directors and their
 qualifications and principal business
 Name & address Qualifications Principal
 business
 2. Details of shareholders holding 10 per cent or more of voting
 stock and their principal business
3 Name of the Chief Executive Officer
 4. Name & designation of Senior official at Head quarters who will be
 responsible for the bank's operations in India
III. Structure
1. Organisational chart showing subsidiaries and associated
 companies
2. Countries in which the bank and its subsidiaries operate
3. No. of domestic and overseas branches
IV. Financial Position
1. Highlights of financial position of the bank based on last
 three years financial statements
2. Capital adequacy ratio as per BIS standards indicating
 Tier - I and Tier - II capital separately
3. Ranking in home country and global ranking
4 Credit ratings by international credit rating agencies
V. Supervisory Arrangements
1. Details of supervisory arrangements to which the bank
 is subject in its country of origin.
2. Home country regulations on entry of foreign banks
VI. Details of existing relationship with India
1. Details of correspondent banking relationships with Indian
 banks and the aggregate amount of lines of creditor other
 limits extended to them.
2. Details of foreign currency loans extended to Indian companies
and other types of business transacted such as underwriting of equity/
debt issues of Indian companies etc.
VII. Details of proposed Rep. Office in India
1. Location :
2. Purpose of opening the office in India, the benefits to the different
 sectors in the Indian community and activities proposed to be undertakenVIII .Documents to be enclosed
1.Copies of Memorandum Articles of Association or similar documents
2. Last three years financial statements
3. Certificate from supervisory authority that the applicant is duly authorised as a bank, is
of good standing and it has been permitted to open a Rep. Office in India.
4. Approval letter from the Bank's Board.