EbixCash World Money Limited has become Authorised Dealer Category-II entity in India to receive RBI approval on a perpetual basis to facilitate trade remittances. EbixCash […]
Tag: Foreign Exchange
GlobalPay unveils Forex card distribution platform
WSFx Global Pay Ltd. has launched GlobalPay Connect, a Forex Card Distribution Platform designed to enable RBI-authorized forex businesses to become Authorized GlobalPay Forex Card […]
RBI allows AU Small Finance Bank, Equitas Bank to deal with foreign exchange
AU Small Finance Bank on Wednesday said it has received permission from Reserve Bank of India to deal in foreign exchange. Reserve Bank of India […]
Bank of Baroda stops clearing payment for above-cap Russian oil
India’s Bank of Baroda has stopped clearing payments for Russian oil sold above the price cap set by the West from this month, three sources […]
HC grants time to RBI to respond to PIL on uniform banking code for foreign exchange transactions
The Delhi High Court Monday granted six more weeks’ time to the Reserve Bank of India (RBI) to respond to a PIL seeking implementation of […]
Govt to allow foreign funds to own over 51% in IDBI Bank
The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a […]