What is International Banking
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Transcript of What is International Banking
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Introduction:
A bank is a financial intermediary thataccepts deposits and channels those deposits intolending activities, either directly or through capitalmarkets. A bank connects customers with capitaldeficits to customers with capital surpluses.A bank isa financial institution that serves as a financial
intermediary.
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Definition
The definition of a bank varies from country tocountry. See the relevant country page (below) formore information.
According to oxford Dictionary A bank is an
establishment for the custody of money, which itpays out on a customers order.
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Function of bank:
Accepting deposit-
a.)current deposit account-
b.)saving deposit-
C.) fixed deposit
d.) current account:->
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What Is International
Banking?
This unit provides you with acomprehensive introduction to the concept ofInternational Banking Operations that dealswith banking activities across the nationalfrontiers. Explanations of the reasons for andmodes of foreign banking operations were
also provided in order to accelerate theunderstanding of all other units of the course.
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Definition of International
BankingInternational Banking is a
process that involves banks dealingwith money and credit betweendifferent countries across the
political boundaries.
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ORGANIZATIONAL FEATURES OFINTERNATIONAL BANKING
International banks are organized invarious formal and informal ways from
simply holding account with each other toholding common ownership. given beloware some forms of banking organizationsthat exist across the world.
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ORGANIZATIONAL FEATURES OFINTERNATIONAL BANKING
Corresponding Banking.
Resident representative.
Bank Agencies.
Foreign Branches.
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INTERNATIONAL BANKING ACTIVTIES
The globalization of the markets and the breadthof international conglomerate financial institutions
is forcing international regulators to move towards
harmonious regulatory systems.
The United States is working with other
countries to develop common standards for
supervisory and regulatory systems for banks andlarge financial conglomerates.' Individual countries
can adopt these standards to their particular
institutional and legal situations.
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THE IMPORTANCE
If you want to make a payment abroad, you will
have to deal through a bank operating oninternational level.
Banks around the world are centers for moneytransfer business. Dealers in securities or
exporters and importers make use of services ofinternational banks.
International banking is also important for thegrowth of competition.
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"Importance Of InternationalBanking
State Aid in the Financial Services Sectorand the Implications of the Recent FinancialCrisis
Entry Modes - A banking perspective.
The Fair Value Option of IAS in the Context ofFair Value Accounting - The Practical Applicationin Financial Institutions.
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CONCLUSION
From the above so many all the information Ihave conclude that The International BankingOperations that deals with banking activitiesacross the national frontiers. International
Banking is a process that involves banksdealing with money and credit between differentcountries across the political boundaries.
There are different kinds of Features andfunctions in international banking. I also get aknowledge about importance of international
Banking which will help us in future .
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