Logo
Select Quick Pages:
Home
About
Contact Us
Disclaimer
Privacy policies
Terms and conditions

The banking activities performed by foreign multinational banks in a country is known as ______.

  • The banking activities performed by foreign multinational banks in a country is known as On Shore Banking.
  • The banking activities performed by foreign multinational banks in a country, which involve conducting traditional banking activities such as accepting deposits, making loans, and providing other financial services to customers within the country, are commonly referred to as "onshore banking".
  • This is in contrast to offshore banking, which refers to banking activities that are conducted outside the country in which the bank is located, often in a low-tax jurisdiction or tax haven.