Nostro, Vostro, Loro and Mirror Accounts The Foreign Exchange (FX) market is the most lucrative liquid market involving large-volume trading of foreign currencies. Central banks, investment banks and commercial banks…

International Financial Institutions (IFIs) are organizations established to provide financial and technical assistance to countries and regions around the world. They play a crucial role in promoting economic development, stability,…

Foreign Exchange Management Act (FEMA), 1999 The Foreign Exchange Management Act (FEMA) was enacted in 1999 to consolidate and amend the law relating to foreign exchange with the objective of…

What is Foreign Exchange Market? The Foreign Exchange Market, often referred to as the Forex or FX market, is the global marketplace for trading national currencies against one another. It…

Internalisation of Banks The last five or six decades have seen a rise in globalisation, increased trade and spread of multinationals. When companies started to relocate or expand to various…

What is International Banking? International banking is a type of banking that takes place across international borders. It is used by both organisations and individuals seeking favourable banking conditions in…