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A correspondent bank can conduct business transactions, accept deposits and gather documents on behalf of the other financial institution. Correspondent banks are more li ... See More
Correspondent banking means that bank who perform vital role in domestically and internationally in money transactions and other multiple features.
like ROD..revolving Over Draft...it's a credit facility that gains intrest income as long as the line utilized..
when an international money transfer is done correspondent banks take roles. They are the banks which carry your money inter countries.