Indian banks have 141 foreign branches and 21 subsidiaries.

ECONOMIST: India is caught in two minds about financial globalisation

For decades, a network of Soviet foreign-based subsidiaries, branches and representative offices have operated in a highly suspect manner around the globe.

CENTERFORSECURITYPOLICY: Center For Security Policy

Still, Luxembourg's banking sector consists largely of subsidiaries and branches of foreign banks, so that significant support might be expected from mother banks and, ultimately, the governments of those mother banks, in the event of a crisis.

WSJ: Luxembourg, Malta Stress Distance from Cyprus