Banking Term: Offshore Banking

Find important banking term that is useful in upcoming banking exam.

Feb 25, 2015 15:29 IST
facebook IconTwitter IconWhatsapp Icon

Banking Term: Offshore Banking

  • Offshore banking denotes branch of an Indian bank which is located in a special economic zone or an area away from the location of the customer.
  • It is primarily meant to encourage exports from the area with a specified set of rules and regulations.

Related Categories

Related Stories