Question

Differentiate between expatriate banks and indigenous banks

Answer 1

Explanation:

Indigenous Banker

These are organized company. Activities

include in these organization are acceptance of deposits as lending of money

Bank fulfills the needs of people in general and also helps in business in particular.

Interest of money by bank is depends on the rule of RBL.

Moneylenders

They are individual or a person. Activities not include the acceptance of deposit.

It helps the needs of agriculture and provide money only to poor people.

Moneylenders decide rate of interest.

Hope it well help you