Tuesday, April 12, 2016

Difference between Regional Banking and Universal Banking

Difference between Regional Bank and Universal Bank

Basis
Regional Bank
Universal Bank
1. Objective
Its main aim is to provide adequate and timely credits to small borrowers in rural and semi-urban areas.
Its main objective is to meet working capital requirements of business houses and provide term loans for developmental
activities.
2. Customers
It deals mainly with small borrowers.
It deal with individual customers as well as big corporate customers.
3. Area of operation
Regional banks have particular operational area.
Universal banks do not have such limitations.
4. Services
It offers only banking services to its customers.
It offers both banking and financial services.
5. Finance
Regional banks are mainly financed by development banks.
These banks are not financed by development banks.