Banking
Economics
India
State Bank of India

State bank charter?

Answer

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Wiki User
10/28/2008

Good info here: http://en.wikipedia.org/wiki/State_bank

Basic benefits of a state charter over national charter:

bank can lend a higher percentage of it's capital

doesn't have to be in the federal reserve system

easier and cheaper to get and maintain a state charter

asses to services that may not be available to national banks like real estate brokerage