Monday, March 20, 2023

HC grants time to RBI to respond to PIL on uniform banking code for foreign exchange transactions

The plea has also sought direction that foreign exchange transactions through Indian banks and foreign bank branches in India must have information like the name and mobile number of the depositor, International Money Transfer (IMT) and not RTGS/NEFT/IMPS and name of currency.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/hc-grants-time-to-rbi-to-respond-to-pil-on-uniform-banking-code-for-foreign-exchange-transactions/articleshow/98808105.cms

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