Question

What is a difference of indian central bank and foreign bank?

Answer 1

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 GUJURAT. But it’s branches are present in USA.

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