Question

what are difference between small banks and big banks in international source of fund ?

Answer 1

Q: Difference between Small bank and big bank In international sources of fund.

Big bank:-

In the area of international sources of funding bigger banks are more efficient than small or local banks. Have more advanced sources of fund management.

Bigger banks have world wide presence, More products, extended service, World wide ATM services. So they have comprehensive financial product and services which is not restrictive.

More Convenient for customers. They have sanctioning balance much more as compare to small banks.

Bigger banks always takes steps for improvement of technologies like financial technologies for providing vast netbanking, mobile banking and other hassle free account opening and account management services in the hand of customers.

Money transfer to every where i.e international money transfer facility they provide in no time.

Bigger banks have more paid of capital and authorised capital.

Small Banks:-

Small Banks have restricted service for customers, as they have both authorised and paid of capital less than that of Bigger banks.

Small banks are not globally present. These are local or community banks. They have intimate and personal customer service.

Small bank are responsible for financial well being for local people and target to do better for them.

Sometimes small banks also charges little more as compare to large banks.

They provide services to small marginal farmers, micro credit and loans, Minmum paid up capital around less and promoter's contribution also less and varies in different countries.

Half of their loan portfolio should constitute loan and advances.

No Flexible ATM services.