BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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whose most of the branches are situated outside India
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in which atleast 40% equity shares are held by non-resident Indians
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which is incorporated outside India
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All of the above
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Detailed explanation-1: -Aforeign bankis a type offoreign bankthe one which is incorporated outside the host country and is obligated to follow the regulations of both the home and host countries.
Detailed explanation-2: -Foreign banks do not require separate approval under FEMA, for opening branch office in India. Such banks are, however, required to obtain necessary approval under the provisions of the Banking Regulation Act, 1949, from Department of Banking Operations & Development, Reserve Bank.
Detailed explanation-3: -As of now, there are 46 Foreign Banks in India in 2022. The list includes City Bank, Bank of America, Barclays Bank, DBS Bank, Standard Chartered Bank, Deutsche Bank, and others. In this post, we are going to provide you with the top Foreign Banks in India and other important details related to foreign banks.
Detailed explanation-4: -A foreign bank branch is a type of foreign bank that is obligated to follow the regulations of both the home and host countries. Because the foreign bank branch has loan limits based on the total bank capital, they can provide more loans than subsidiary banks.