"There was a meeting last month between the heads of four European banks and top RBI officials. The banks have sought the RBI s approval on the proposed third-party model because there is no established rulebook for this kind of arrangement," a source aware of the developments said.
Pound boosted with BOE seen staying on hold until after election businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.