International Banking and Finance

Banking, the world over, has been changing at a spectacular pace. International banking has witnessed significant changes in the recent past. Growing integration of economies and the markets around the world have made global banking a reality. The widespread use of internet banking has widened frontiers of global banking. To effectively handle the functions in a modern corporation, thorough understanding of global financial markets and issues related to financial risk in a global context is a must. Even the functions such as procurement, marketing and outsourcing also need to acquire basic functionality with international finance as modern transport; internet and satellite communications have literally shrunk the world contributing to great growth in the international export of goods, services and technology. It is thus important to master the intricacies of the international financial system. True to its title, 'International Banking and Finance', this book comprehensively covers the Indian and International Financial System. An attempt has been made to explain the Indian banking system and international banking system with a focus on international trade in the Indian context. The book comprises 26 chapters and is written in a simple and lucid style. It commences with a comprehensive discussion of the Indian and International Banking System and advances to explain the International Monetary System, Forex Market and its Operations and the nuances of the Exchange Rate System. It further efficaciously consolidates various rules, laws, guidelines, regulations, operations procedures, policies, suggestive models, pertinent financial organisations and their guidelines, customs and practices, etc. An important value addition to this book is the extensive Glossary of Financial Terms. Self-assessment and objective type questions are provided to facilitate grasp of the content. The objective of this book is to facilitate management students to understand the basic operating financial mechanisms, operational framework, funding techniques, investment vehicles, risk management products and speculative opportunities. The book is also immensely helpful for those engaged in financial services and seeking career progression.