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RBI imposes monetary penalty on SBM Bank (India)

RBI imposes monetary penalty on SBM Bank (India)
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RBI Slaps Rs 88 70 Lakh Penalty on SBM Bank for Regulatory Breaches

RBI Slaps Rs 88 70 Lakh Penalty on SBM Bank for Regulatory Breaches
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RBI to boost rupee s internationalisation, liberalise norms for non-residents

The Reserve Bank of India (RBI) is intensifying efforts to internationalize the Indian Rupee (INR) by making regulatory changes for non-residents and enhancing the appeal of the GIFT City as an international financial center. The RBI plans to liberalize regulations related to INR accounts for non-residents and allow them to open rupee accounts outside India.

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RBI foreign accounts: RBI to allow opening of rupee account outside India

RBI foreign accounts: RBI to allow opening of rupee account outside India
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RBI allows rupee accounts outside India for currency internationalisation; simplifies norms for non-residents

RBI allows rupee accounts outside India for currency internationalisation; simplifies norms for non-residents
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