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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
Distinguish between the following:
Current account & Recurring deposit account
Explain the types of banks?
Mention two differences between the Central Bank and a Commercial Bank.
What are Foreign Banks?
Explain the types of banks based on ownership patterns.
The central bank of a country serves as the leader of the banking system and the money market.
______ are of several types, e.g., commercial, central, industrial, merchant, exchange, agricultural, cooperative, postal and indigenous.
Regional Rural Banks (RRBs) are primarily established to ______.
Which type of bank provides only basic banking services and is not allowed to give loans?
Which type of bank is most closely associated with foreign trade finance and foreign exchange services?
