Correspondent banking is an arrangement where one bank (correspondent) holds deposits on behalf of the other bank (respondent bank) and offers payment and other services to the respondent banks. It is basically a bilateral agreement between the two banks to provide payment services to the respondent...
Define Foreign correspondent. means any of the following for which a Reserve Bank maintains an account: a foreign bank or banker, a foreign state as defined in section 25(b) of the Federal Reserve Act (12 U.S.C. 632), or a foreign cor- respondent or agen
BANGLADESH: Bangladesh Bank offers Islamic Banks Liquidity Facilities TURKIYE: Turkish bank sells Sukuk worth TRY2 billion (US$56.44 million) KUWAIT: Islamic bank receives approval from Central Bank of Kuwait to increase capital by 100% GLOBAL: Omani business group increases stake in Bahraini Islamic...
Forgotten as the words fly briskly across, each time Bringing down meaning as snow from a low sky, or rabbits flushed from a wood. How strange that the narrow perspective lines Always seem to meet, although parallel, and that an insane ghost could do this, Could make the house seem so m...
According to IT security firm Kaspersky Lab, in 2013 an estimated 37.3 million users worldwide and 4.5 million Americans were the victim of phishing—or pharming—attempts, meaning payment details were stolen from hacked computers, smartphones, or website users. Report after report shows ...