AU Small Finance Bank has revised the interest rates on its Foreign Currency Non-Resident (FCNR(B)) Deposits and Non-Resident External (NRE) Fixed Deposits, as part of […]
Tag: forex
EbixCash gets RBI approval for trade remittances
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 […]
Banks looking at possibility of rupee trade with Bangladesh, African nations
Banks are looking at the possibility of initiating rupee trade with Bangladesh and African countries like Egypt as part of exercise to make rupee an […]
RBI response sought on PIL seeking uniform banking code for forex transactions
The Delhi High Court on Monday sought the response from the Reserve Bank of India on a public interest litigation seeking uniform banking code for […]
Nine Russian banks open special vostro accounts for trade in rupee
As many as nine special vostro accounts have been opened with two Indian banks after permission from the Reserve Bank of India to facilitate overseas […]
RBI, CCIL urge Japan to drop inspection clause
The tussle between Indian financial market regulators and their peers in developed countries over ‘extra-territorial jurisdictions’ is playing out on multiple fronts, leaving a dozen […]