I hold a bachelors in Engineering from an Indian university and have six years of work experience in the software industry. Is there any foreign university that offers a PhD related to finance in distance learning mode?
To be honest, most PhDs can probably be (largely) conducted at distance. I live quite a way from the University at which I'm registered for my psychology PhD. However, you might want to try contacting the Open University http://www.open.ac.uk which is the UK's very highly regarded distance learning University. They do offer PhDs and I would assume that since they are geared up for distance work they might be one of your best options.