Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

offshore banking unit

Vedangi Deshmukh (112 Points)

31 October 2017

Can anyone explain meaning of offshore banking unit....

Reply
Follow
Share

2 Replies

(Guest)

An offshore banking unit (OBU) is a shell branch located in an international financial center. Offshore banking units (OBUs) make loans in the Eurocurrency market when they accept deposits from foreign banks and other OBUs.

Upgrade to CAclubindia Pro. Subscribe Now!

Vedangi Deshmukh (112 Points)
Replied 01 November 2017

Thank you

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

5 days Certification Course on GST Practical Return Filing Process

CA Pratibha Goyal

Enroll Now

21 August 2024
Mastering Power BI for Financial Analysis - Data-Driven Finance

CA Vishal Zawar

Enroll Now

19 August 2024
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)

CA Arun Chhajer

Enroll Now

05 August 2024

offshore banking unit

2 Replies

Online classes for CA CS CMA. Professional courses for GST, Tally, Others & Books

Leave a reply

Recent Topics

Related Threads

Popular Discussion

Trending Online Classes

Subscribe to the latest topics :

Search Forum: