There are various different foreign exchange banks in the world which deals in the foreign currency and earns lots of revenues or profits while trading. The various FOREX banks include:-

Corporation Bank

This bank contains a huge variety of FOREX services which is provided for both the business and non-business requirements. The functions of this bank are:-

Issues traveler’s cheques, in the FOREX market, they trade in foreign currency.
Provides guidance on the export letters of credit and also include their verification.
Provides all kinds of credit comforts to importers and exporters involving FOREX trading
It also provides outward and inward FOREX trading payment services for medical, travel and other personal needs.

Bank of Baroda

This public sector bank is regarded as a market organizer in the foreign exchange procedures in India . This bank has its branches in other countries such as South Africa , Bahamas , Belgium , UK , Oman , Hong Kong , Uganda , Guyana and Zambia.

All the branches are expert in managing FOREX business of its customers. This bank has preserved its dominance as a top market creator both in forward and spot markets and also includes the FOREX exchange markets. This bank provides the requirements of the foreign exchange of its customers and converts all the main world currencies such as Euro, Japanese Yen, Sterling Pounds and Swiss Francs.

United Bank of India

This bank provides the following services to the exporters, importers and others.

For Exporters

Post-shipment recognition by means of negotiation bills
Pre-shipment recognition in foreign currency at cutthroat prices
Pre-shipment credit in currency such as rupee

For Importers

Purchaser’s line of credit
Issue of sight letter of credits

Other services

Outward and inward foreign exchange payments

Standard Bank

The Standard FOREX Bank was established in the year 2004. It is located in Johannesburg and is operated by a group of qualified FOREX experts who offer advice and assistance on all the economic aspects of the global trading actions of the company. Instructions are offered in the fields of Foreign Currency Cash Management, Foreign Exchange Risk Management and Exchange Control. The staff of this bank makes the customers aware of the current expansions in the FOREX markets through the financial research.

Canara Bank

This bank entered in the field of FOREX in the year 1953 when it opened its first FOREX Department located in Mumbai. Presently, canara bank is on the 4 th position in India providing investing of foreign trade and payments. This bank also sells abroad at pre-shipment phase and post-shipment phase which can be gained in Indian rupees or foreign currency.