Mumbai: Credit extended by Indian banks' branches operating abroad increased by 31.2 percent to Rs 7.68 lakh crore (USD 127.9 billion) in 2013-14.
Also, deposits of overseas branches of domestic banks rose by 30.8 percent to Rs 5.14 lakh crore, according to the data released by RBI today.
In contrast, credit by foreign banks in India declined by 3.1 percent to Rs 2.98 lakh crore (USD 49.6 billion)
The deposit mobilisation by foreign banks operating in India recorded 23.5 percent growth to Rs 3.5 lakh crore (USD 58.2 billion) in March 2014, according to the data on 'International Trade in Banking Services: 2013-14'.
Income of overseas branches of domestic banks rose by 7.7 percent to Rs 39,370, crore (USD 6.6 billion) in FY14, while foreign banks operating in India witnessed a larger income growth of 11.8 percent at Rs 59,060 crore (USD 9.8 billion).
"During 2013-14, the fee income generated by overseas branches of Indian banks was Rs 89,600 crore (USD 1.5 billion) as against Rs 93,500 crore (USD1.7 billion) in the previous year.
"For foreign banks operating in India, the fee income generated was Rs 79,600 crore (USD 1.3 billion) as compared to Rs 74,500 crore (USD 1.4 billion) in the previous year," RBI said.
In terms of fee income, branches of Indian banks in UK had the largest contribution in banking services followed by Hong Kong and Singapore.
Indian bank branches abroad generated major share of fee income by credit related services, derivative, stock, securities, foreign exchange trading services, and trade finance services.
For foreign banks in India, derivative, stock, securities, foreign exchange trading services, trade finance services, financial consultancy and advisory services, payment and money transmission services were the major sources of fee income.
