The economy of the world has grown beyond the boundaries of countries. Banks play a central role in regulating and encouraging trade between nations.A great deal of international trade is done on trust or rather,it would be more accurate to say that the trust of the parties involved is placed in the banking system. Some international banks have grown huge,offering their services even in remote corners of the world. There is hardly a person in the world today,no matter where he lives,who is not affected directly or indirectly by banking. And if he stops to think,most of its effects are beneficial.