Role of commercial banks in International business

Dicuss Role of commercial banks in International business in detail.

Commercial banks do not make money but act like intermediaries that help in moving the funds from the capital market to business and other financial institutions. Banks get funds when organizations deposit money in accounts, they charge service fee and they issue the certificate of deposit. Instruments like LOC which is a letter of credit is used for trade finance and commercial paper. The banks offer other services like financing the project, foreign exchange, trading, collecting payments etc. Importance of banks International finance and import, export will not exist without the inte...

Read More 15 Mar, 2019
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