Question

Distinguish between indian bank and foreign bank

Answer 1

Answer:

First of all the question is wrong. Because for those who live outside India all banks of India are foreign bank. The correct form of your question should be what is the difference between a DOMESTIC BANK and a FOREIGN BANK?

Domestic banks are those banks whose headquarters are present with in the area of the country of origin. Ex: Bank of Baroda , State Bank of India, Indian overseas bank etc. are domestic banks of INDIA.

Foreign banks are those which are not domestic that means Bank of Baroda is a foreign bank for USA . Because headquarters of BANK OF BARODA IS GUJARAT. But it’s branches are present in USA.

Like this HSBC, CITI, FEDERAL BANK ETC are foreign banks for India.

Explanation:

Answer 2

Answer:

Hey mate here is ur answer↓

• Indian Banks have headquarters in India whereas Foreign Banks have Headquarters outside of India
• Even though Indian Banks have major buisness in India they are worldwide spread too whereas,Foreign Banks have limited access to other Places
• Eg:-Bank of Baroda,it has the headquarters in India but branches are available in USA

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