subsidiary bank meaning

• [Finance]
  A type of foreign bank that is incorporated in the host country but is considered to be owned by a foreign parent bank. The subsidiary bank only needs to operate under the host country's regulations.

• subsidiary:    Adjective: subsidi ...
• quasi-subsidiary:    [Economics]A compa ...
• sales subsidiary:    [Business]noun [C] ...

Examples

1. the bank of east asia ( canada ), a subsidiary bank, is established in toronto, canada
2. the bank of east asia ( bvi ) limited, a subsidiary bank, is set up in the british virgin islands
3. Mundial Confianca and its three subsidiary banks described BCP's bids as hostile.
4. It was agreed that PPF should manage
   P and IPB its ailing subsidiary banks.
5. In 1959, the government passed the State Bank of India ( Subsidiary Banks ) Act.