Question

Difference between in points indian bank and foreign bank

Answer 1

Domestic bank are home banks that's which are opened and operated by Indians and headquartered in India.Foreign banks are the banks which have the head quarter outside the country but they have banking business in India.For example SBI is an Indian bank so it is called domestic bank and CITY bank headquartered in USA so it is a foreign bank in India. In USA city bank is its domestic bank and SBI is foreign bank for USA.

Answer 2

Following are the difference between Indian banks and foreign banks:

• The headquarters of Indian banks are located in India whereas the foreign banks have headquarters outside.
• The business of Indian banks is majorly in India whereas the foreign banks have limited access.
• For instance, the State bank of India is an Indian bank and Standard Chartered in foreign banks.
• Banks are financial institutions that provide credit for promoting the economic activities in the country and ensure safe haven for money.

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