In the non-cash payment system money is transferred from a payer's account to a payee's account. This means that the operating of the non-cash payment system is reserved to financial institutions - banks with which clients deposit their money on accounts. Banks execute the payments based on their clients' instructions transmitted in the form of a written document (payment instruction forms, cheques, etc.), or by technical means (instructions transmitted on data media, electronically via computers linked with the bank, vocally by phone, or via a special banking applications by mobile phone, or using a payment card, which may also be considered an electronic payment instruction). If both the payer and the payee have their accounts at the same bank, that bank will execute the money transfer (account settlement) in its own clearing centre. If the payer and the payee have accounts with different banks, the payer's bank has to use the "interbank clearing centre" for the transfer.
Inter Bank Participation Certificates (IBPCs) bought by banks, on a risk sharing basis, shall be eligible for classification under respective categories of priority sector, provided the underlying assets are eligible to be categorized under the respective categories of priority sector and the banks fulfill the Reserve Bank guidelines on IBPCs.
Inter-American Development Bank was created in 1959.
IBCA in terms of Banking mean, Inter Bank Credit Transactions IBDA Inter Bank Debit Transactions
Inter Branch Payment
Mumbai Inter Bank Offer Rate
Banks lending money to other banks.
Inter-Branch Transfer
Alpha bank
No, but Banorte does have banks in Texas. The bank's name is Inter National Bank.
Executive Vice President of the Inter-American Development Bank
The Karachi Inter-bank Offered Rate, or KIBOR, is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or inter-bank market.
SWIFT Society for worldwide Inter bank Financial Telecommunication (SWIFT)