Indian Reserve Grants Approval to Eight Banks

Eight banks have been granted approval by India’s Reserve Bank to float foreign exchange products for resident Indians under the $25,000 scheme. This allows them to invest up to this sum abroad annually. The....

Click to view the full article


By: Stephen Harris
January 9, 2005
Eight banks have been granted approval by India’s Reserve Bank to float foreign exchange products for resident Indians under the $25,000 scheme. This allows them to invest up to this sum abroad annually. The....