It takes a particular kind of conceited, America - centrist view of the world to assume that all of the biggest 100 financial institutions referred to in this report are located in the U.S. It may surprise many to learn that the largest financial institutions in the world, with one or two exceptions are in Europe and the Far East.
When you are talking about shipping financial industry jobs to India, you have to remember that one of the big advantages of India is the large pool of English-speaking people who work for low wages.
To Japan's Mizuho or the Bank of Tokyo-Mitsubishi, this English ability is no advantage at all, and I don't believe that any Japanese financial institutions have any plans to outsource to India. (Do any freepers in Japan's financial services see any move to going this way?)
In fact, having some experience in the area, I would say that such a command of English is only important only to American and English financial companies, and those large financial companies who have a large presence in the U.S. or London. (Do any freepers over in European financial services see it on the ground differently?)