Advertisements
Advertisements
Question
What are Foreign Banks?
One Line Answer
Advertisements
Solution
Banks which have registered office in a foreign country and branches in India are called foreign banks.
shaalaa.com
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
State with Reasons whether the following statement is TRUE or FALSE:
Central bank (RBI) connot accept deposit from the public.
Distinguish between:
Fixed Deposit Account and Recurring Deposite Account.
Mention two differences between the Central Bank and a Commercial Bank.
What is a Central Bank?
It carries out the country's monetary policy.
Name one development bank.
What is a commercial bank?
Explain main functions of commercial bank.
What are the important functions of Central bank? Which of these functions are more important in a country like India?
How do exchange banks help in financing foreign trade?
