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.
|