Section

Foreign banks urge RBI to relax norms until standoff with ESMA gets resolved

By Economic Times - 3 days ago
Foreign banks, including Deutsche Bank and BNP Paribas, seek clarity from the Reserve Bank of India on norms that hinder an alternative trading model for bonds and swaps. This comes amid a regulatory dispute between European authorities and the RBI, with an October deadline looming for resolution.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.