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International banking is a wide term. Generally it may mean banking beyond frontiers of a nation. Thus, a banking activity involving more than one country is international banking. e.g. a bank in India issuing a Letter of Credit (for its importer customer) in favour of a party abroad to cover that party abroad to export goods (to the indian importer customer of the bank).
Banking is lifeline of commerce as it facilitates settlement of money in a business transaction. Thus, international banking provides a great assistance to international business.
For more details, you may read standard texts on International Banking or Imports/ Exports (e.g. Rajwade's "Foreign Exchage", Nabhi's "Exporter's Manual" or "Importer's Manual").
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