BENGALURU : SBM Bank (India) is engaging with the Reserve Bank of India (RBI) to address 'supervisory concerns', the lender said in an email to a customer reviewed by Reuters, days after the regulator barred it from some transactions.The RBI, on Monday, ordered SBM Bank to stop all transactions under the
BENGALURU : SBM Bank is engaging with the Reserve Bank of India to address"supervisory concerns", the lender said in an email to a customer reviewed by Reuters, days after the regulator barred it from some transactions.
The RBI, on Monday, ordered SBM Bank to stop all transactions under the liberalised remittance scheme until further notice, citing"material supervisory concerns" but no further detail. The central bank had concerns that certain overseas money transfer practices of SBM's fintech partners did not follow the appropriate procedures, a banking source told Reuters earlier this week on condition of anonymity as the discussions were private."We would like to state that SBM Bank Ltd. is committed to upholding the highest standard of banking. SBM Bank Ltd. remains open for business in all other areas," the lender said in the email.
SBM Bank India is a unit of the State Bank of Mauritius and became the first foreign bank to receive a universal banking licence under an Indian scheme for wholly owned subsidiaries, which allowed foreign lenders to compete with Indian banks.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Rupee reverses course after reaching two-mth high on RBI interventionMUMBAI : The Indian rupee declined against the U.S. currency on Monday, after climbing to a near two-month high at open on dollar purchases by public sector banks likely for the Reserve Bank of India (RBI), traders said. The rupee last traded at 81.39 to the dollar, down from 81.12 in the previous session
続きを読む »
Financials lift Indian shares after strong bank earningsBENGALURU :Indian stocks rose on Monday, after declines in the previous two sessions, helped by gains in financial stocks as banks reported strong quarterly results over the weekend.The Nifty 50 index was up 0.69 per cent at 18,153.30 as of 10:26 a.m. IST, while the S&P BSE Sensex rose 0.76 per cent to 61,084
続きを読む »
US wants to see quicker progress on World Bank reforms: YellenShe said working on the reforms was one of her biggest priorities this year. Read more at straitstimes.com.
続きを読む »
Girls in India forced into prostitution after being made to ‘marry’ deityThe practice is outlawed, but it still goes on in secret, say activists. Read more at straitstimes.com.
続きを読む »
Apple targets raising India production share to up to 25% - ministerNEW DELHI :Apple Inc wants India to account for up to 25 per cent of its production from about 5 per cent-7 per cent now, the trade minister told a conference on Monday, as the iPhone maker continues to move its manufacturing away from China.'Apple, another success story,' Piyush Goyal said, pitching India as
続きを読む »