Economy & Policy◆ Mixed
Mohandas Pai on RBI FEMA rules: Are banks making it harder for Indians to receive foreign payments?
RBI is in focus.
· Business Today Mkts
The new FEMA framework has brought renewed attention to the paperwork involved in receiving payments from overseas clients.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Sector exposure: Banks.
In this story
Banks
Related coverage
ICICI Prudential Life Insurance to focus on growing absolute VNB amid slump in FY24
ICICI Pru Life Q4 net profit falls 26% to Rs 174 cr, insurer announces dividend
Gujarat State Petronet falls sharply from day#39;s high as tariff cut triggers flurry of downgrades
SBI Card Q2 profit rises 75% to ₹778 crore as asset quality improves
RBI raises repo rate to 5.50% but injects ₹2.5 lakh crore: Is its policy sending mixed signals?