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The Bank of India has closed down its Jersey branch, based in New Street.
The closure took effect on 18 October following the approval of the Jersey Financial Services Commission.
The BoI announced the closure in a regulatory filling.
The Times of India reported that the bank had already closed down operations in Yangoon, Botswana and Dubai earlier this year.
The closure of overseas branches is part of the public sector banks' (PSBs) efforts to wind up the unviable operations as per the instructions of the Indian Finance Ministry.
PSBs have closed down 35 overseas branches and representative offices as part of the 'clean and responsible banking' initiative. Andhra Bank, IDBI Bank and Indian Overseas Bank closed down Dubai operations, while Punjab National Bank, Canara Bank and Union Bank of India shut their Shanghai offices.
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