
RBI clips wings of IFSCA’s GIFT City banking plans
A potential tiff between regulators, policy restrictions, and likely legal hassles have delayed the proposed launch of foreign currency accounts by a slew of banks.
A potential tiff between regulators, policy restrictions, and likely legal hassles have delayed the proposed launch of foreign currency accounts by a slew of banks.
Indian HNIs, foreign nationals will be allowed to open foreign currency accounts in any convertible currency in Gujarat's GIFT City from January 1.
The government has devised a three-pronged strategy to bring down its crude oil import bill and achieve energy security.