Israel - India Business Guide | 2025

I ndia and Israel share a dynamic economic relationship, with growing trade and investment between the two nations. As businesses expand across borders, the demand for high-quality business services - including legal support, accounting, banking, and consulting - has increased significantly. These services play a crucial role in facilitating smoothmarket entry, regulatory compliance, financial management, and strategic decision-making. Banking Systems in India and Israel The Banking System in Israel Israel has a stable, modern banking system that serves both business and household sectors. The Israeli banking sector comprises 12 banks, 4 foreign banks, 6 credit card companies, 1 financial institution, and 2 joint service companies. In recent years, direct, online banks have begun capturing a small market share. Top Banks in Israel 1. Bank Leumi – One of Israel’s largest banks, providing corporate banking and investment services. 2. Bank Hapoalim – A leader in trade finance, business lending, and fintech collaborations. 3. Mizrahi Tefahot Bank – Specializes in real estate financing and corporate lending. 4. Israel Discount Bank – A key institution for commercial banking solutions. 5. First International Bank of Israel (FIBI) – Offers a range of business banking services. 6. Mercantile Discount Bank 7. Bank Yahav for Government Employees 8. Bank of Jerusalem 9. Bank Massad Ltd The Banking System in India India’s banking system is diverse, consisting of the Reserve Bank of India (RBI), commercial banks, cooperative banks, and development banks. It includes 12 public sector banks, 22 private sector banks, 46 foreign banks, 56 regional rural banks, 1 , 485 urban cooperative banks, and 96 , 000 rural cooperative banks. Top Banks in India 1. HDFC Bank – India’s largest private bank, offering corporate and retail financial services. 2. State Bank of India (SBI) – The largest bank, providing trade finance, loans, and treasury services. 3. ICICI Bank – Specializes in corporate finance, investment banking, and global transactions. 4. Axis Bank – Offers business loans, SME banking, and treasury solutions. 5. Kotak Mahindra Bank – A leading player in investment and wealth management. 6. IndusInd Bank 7. Yes Bank 8. Punjab National Bank 9. Bank of Baroda 10.Bank of India Business Services in India and Israel: Essential Support for Economic Growth A brief review of financial and legal systems in the two countries Israel-India > Business Guide > 2025 40 > Business Services > Sector Review Continued on page 42