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bank of baroda
What is the difference between bank loan and bank credit?
if they have a branch in Indian
advantages & disadvantages of foreign banks in India
no. however you might be able to arrange a funds transfer between your bank and the foreign bank.
bank of baroda
State Bank of India
A foreign bank is one from another country as opposed to a bank from your own country. An intenational bank is one that operates in many different countries. A foreign bank can also be an international bank. A bank from your country can also be an international bank if it operates in other countries too. In those countries it would be regarded as being a foreign bank.
A Bank-guarantee is a Banking Instrument through which a Bank indemnifies the client against any default committed by the supplier against a contract. A bank can give BG to another bank on behalf of a client of the beneficiary bank. Secondly, a Bank can give BG to a beneficiary on behalf of another Bank. For example, suppose a client in USA does not accept a BG from an Indian Bank. What will the Indian supplier do then if he doesnt have an account in a reputed foreign bank. In such a case, the client will approach an Indian Bank for the BG. The Indian Bank will then approach a reputed foreign bank for the counter BG. The foreign Bank will issue a BG in favour of the client on behalf of the Indian Bank. Alternatively, the foreign bank, instead of issuing a BG, can stand guarantee to the BG issued by the Indian Bank to the client in USA.
What is the difference between bank loan and bank credit?
if they have a branch in Indian
advantages & disadvantages of foreign banks in India
State Bank of India has the most branches at 130.
difference between modern and traditional banking is
no. however you might be able to arrange a funds transfer between your bank and the foreign bank.
difference between non bank and commercial bank?
Bank = nounBanking = Verb