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Banking Term: Offshore Banking

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

Feb 25, 2015 15:29 IST
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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.

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