National Bank Vs International Bank

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National Bank Vs International Bank

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A bank is defined as one which transacts the business of banking
which means accepting, for the purpose of lending or investment, of
deposits of money from the public, repayable on demand or
otherwise and withdrawals by cheque ,draft, order, or otherwise.”-
The Banking Companies Act, 1949
International banks can be characterized by the type of services they
provide that distinguish them from domestic banks A financial
institution that provides banking and financial services to Commercial
institutes, organizations, bodies, companies and entities.

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• Central Bank: A central bank, reserve bank, or monetary
authority is a public institution that manages the nation's currency,
money supply, and interest rates.
• Commercial Bank: Commercial Banks are banking institutions that
accept deposits and grant short-term loans and Advances to their
customers. In addition to giving short-term loans, commercial banks
also give Medium-term and long-term loan to business enterprises.

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– Bank of America
– JP Morgan Chase & Co,
– HSBC Bank,
– Citigroup, and
– Royal Bank of Scotland
(96 percent of all exposures and had the largest share of derivative
exposures of the commercial banking sector)
• Some commercial banks, also have investment banking divisions,
while others, such as Ally, operate strictly on the commercial side of
the business.

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• State Bank of India
• ICICI Bank Limited
• Punjab National Bank
• Canara Bank
• Bank of Baroda
• Union Bank of India
• Central Bank of India
• HDFC Bank Limited
• UCO Bank
• Oriental Bank of Commerce

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• Processing of payments by way of telegraphic transfer, internet
banking.
• Lending money by overdraft, installment loan.
• Providing documentary and standby LC, Guarantees, Performance
Bonds, Security underwriting and other forms of off balance sheet
exposure
• Provide consultancy and advice on hedging strategies, interest rate
and currency swap financing and international cash management
services
• To provide safety locker facility to customers.
• To provide money transfer facility.
• To issue traveller's cheque.
• To accept various bills for payment e.g. phone bills, gas bills, water
bills, etc.
• To provide merchant banking facility.
• To provide various cards such as credit cards, debit cards, Smart
cards, etc.

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• View account balance
• Print account statement
• View transaction history
• Open or create Fixed Deposits
• Transfer fund between account within the bank
• Track/Schedule fund transfer
• Request for demand draft
• Request for cheque book
• Stop cheque payment

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• In traditional Banking transaction you do not any type of
security. The only matters that you have to keep your bank
paper of Pass Book safe
• If you are having any problem related to the bank you can
immediately go to the bank & solve your doubts
• You can get any information related to bank immediately
• You don’t worry about your bank paper till you yourself give it to
anybody else

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• If the paper of bank are lost, you also may lose the right of your
bank properties
• In Traditional Banking sometimes your work may remain
uncompleted which is wastage of time
• In Traditional Banking if employees are busy with their bank, it any
possible that they may not give you proper answer
• Your bank paper are not secured through Traditional Banking

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• You can bank in different currencies and even multi-currencies –
which is of advantage to expats with financial commitments in more
than one nation or currency for example.
• If the nation in which you live has a less than favourable economic
climate, by keeping your wealth in an offshore bank account you can
avoid the risks in your new nation such as high inflation, currency
devaluation or even a coup or war.
• For those expats living in a nation where you only pay tax on the
money you remit into that country, there is an obvious tax benefit to
keeping your money in an offshore bank account.
• Any interest earned is usually paid free from the deduction of
taxation. For those who don’t pay tax on foreign sourced income
this means they can enjoy greater returns immediately, without
having to apply for a rebate.

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• Offshore banking has been associated with the underground
economy and organized crime, through money laundering.
Following September 11, 2001, offshore banks and tax havens,
along with clearing houses, have been accused of helping various
organized crime gangs, terrorist groups, and other state or non-state
actors.
• The existence of offshore banking encourages tax evasion, by
providing tax evaders with an attractive place to deposit their hidden
income.
• Offshore jurisdictions are often remote, so physical access and
access to information can be difficult. Yet in a world with global
telecommunications this is rarely a problem. Accounts can be set up
online, by phone or by mail.

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