Finance
Commenter JiGlobal Banks Ka RBI Ke Offshore Trade Reporting Par Protest
Global banks ne RBI ke offshore rupee trade reporting plan par apni aawaaz uthai hai, keh rahe hain ki yeh client ki secrecy ko tod sakta hai. Banks ka kehna hai, 'Bhai, yeh toh hamara system hila dega!' Aur RBI ko samajhna hoga ki yeh rules unke liye ek badi challenge hain, jahan daily trading ka volume hai $149 billion se zyada.
few days ago | Bloomberg
Quick rundown
1.Global lenders resist RBI's new reporting rules.
2.Concerns over client confidentiality and jurisdiction arise.
3.Offshore rupee trades surpass onshore volumes.
4.RBI seeks more visibility into offshore currency activities.
5.Banks face system overhauls to comply with new regulations.
