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प्रश्न
Briefly explain about Correspondent Banks?
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उत्तर
A bank in a country can appoint another bank in a foreign country to act as a correspondent bank.
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संबंधित प्रश्न
Write Short Note on the following:
Types of banks
State with Reasons whether the following statement is TRUE or FALSE.
Overdraft facility is given to saving account holders.
Distinguish between the Central Bank and the Commercial Bank.
Public Banks are the banks which are ______.
It acts as the bankers' bank.
______ is the apex institution of the country's monetary and banking structure where as ______ is one of the organs of the money market.
"A central bank is a bankers' bank." Explain.
What is meant by an overdraft facility given by a commercial bank?
What is meant by the central bank of a country?
Explain the four functions of the Reserve Bank of India.
