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A. Unit Banking B. Foreign Bank C. Internet Banking D.Off-shore Banking E. Non of these.
Yes, it is D. Offshore banking, which generally deals in Foreign currency investments and lending.
It is offshore banking. In India the Indian overseas bank was the most dominant bank engaged in offshore banking in the70s and80s. But now all banks have foreing branches. In the40s HSBC was the dominant British offshore bank in the orient.
Answer option (D) >>>>>>>>> Off-shore Banking
ANSWER IS D
d
Off-shore Banking .An offshore bank is a bank located outside the country of residence of its depositors, with most of its account holders being non-residents of the jurisdiction. An account held in a foreign account, especially in a tax haven country, is often described as an offshore account.
D.>>>>>>>>>>>>>>Off-shore Banking
I do believe thatthe coorect answer is "D" - Off -shore banking.
We all agree about D as no more explanation can be mention as its self-defined.
Updated by the mark to market evaluation of assets.
