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3 Indian Banks Fined for KYC and AML Breaches
- India’s top three private banks, HDFC, Axis bank and ICICI have been charged by the country’s central bank for breaches in relation to Know Your Customer (KYC) and Anti Money Laundering (AML) procedures.
Wednesday, 12/06/2013 | 16:19 GMT by
Adil Siddiqui
Indian Central Bank Allows Overseas Investors to Hedge FX Risk
Saturday, 01/09/2012 | 10:27 GMT by
Adil Siddiqui
India's central Bank sets up New Website to Filter out Fake Currency Notes
Monday, 09/07/2012 | 00:37 GMT by
Adil Siddiqui
Rupee dives to 55 as RBI imposes further restrictions on Forex Dealers
Tuesday, 22/05/2012 | 06:08 GMT by
Adil Siddiqui
RBI wary of Foreigners playing with Rupee
- India’s central bank has warned foreign banks trading in the Indian Rupee and causing market turmoil as the rupee hits new lows amid foreign banks speculative trading. The rupee has depreciated in the BRIC nation as inflation and interest rates are hurting the economy.
Thursday, 12/01/2012 | 08:20 GMT by
Adil Siddiqui
RBI restricts INR Forwards
- India's central bank has put restrictions on Indian Rupee Forward contracts after the rupee has plunged in to record lows against the greenback. RBI has tried to allow free market mechanics govern the market in tis bid to reduce capital controls. The RBI found that the rupee was being misused by exporters who were booking forwards then cancelling and booking them at a better exchange rate.
Sunday, 18/12/2011 | 01:28 GMT by
Adil Siddiqui
RBI plans to ease remittance and outside investments
Thursday, 18/08/2011 | 10:35 GMT by
Adil Siddiqui
Reserve Bank of India moves to stop foreign forex brokers
Monday, 11/04/2011 | 05:17 GMT by
Michael Greenberg
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