Global banks handling FPI trades approach RBI as T+1 regime nears

Global banks handling FPI trades approach RBI as T+1 regime nears

Global banks handling FPI trades approach RBI as T+1 regime nearsJan 17, 2022, 07:28 AM IST

Large multinational banks handling funds of offshore investors told the Reserve Bank of India (RBI) last week to either act as the "dollar buyer of the last resort" or relax the exposure rule for banks as the Indian stock market prepares to move to a shorter settlement cycle from February end.

PMC Bank merger with Unity Small Finance Bank awaits govt approvalJan 16, 2022, 04:33 PM IST

As per the Banking Regulation Act, the draft scheme of amalgamation is required to be placed before the government for its sanction and the Centre may sanction the scheme without any modifications or with such modifications as it may consider necessary.

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