BFM: Concepts and Practice · Part A: International Banking

Chapter 3: Correspondent banking and NRI accounts

How banks hold money for each other abroad, how payments travel, and the accounts NRIs may keep.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 3.1Correspondent bankingp. 33
• 3.2Payment networksp. 34
• 3.3Who is a non-residentp. 35
• 3.4Deposit accounts for NRIsp. 36
• 3.5Repatriation, loans and propertyp. 37
• Exam traps and quick checksp. 38
• Practice: 16 questions in three roundsp. 39
• Answers, with every wrong option explainedp. 41
• Make it stickp. 43
• Chapter 3 on one pagep. 44

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.