International Banking: Trade and Theory

Banking system is a quite complex system as it has a lots of paper and electronic data feeding and transferring work. A lot of facilities are being provided by these banks to its customers, whether corporate houses or individuals. It lends loans for various purposes. But when we talk about international banking the picture changes because there are a number of laws framed by World Bank. The Reserve Banks of the countries become member of World Bank and deposit a pre-decided amount of money for the same. The transaction takes place only between Reserve Banks of the countries and the World Bank. International monetary fund is also being established to provide an open window for granting lands. World Bank provides loans mainly for development works to developing countries. This book deals in all the related facts and laws of international banking. The author sincerely hopes that this work of him would be quite informative to the readers.