PolicyET Techabout 1 hour ago
Banks Seek RBI Nod for New Trade Rules
1 min read
Indian banks are seeking Reserve Bank of India approval to apply new regulations, effective October 1, 2026, to close nearly ₹1 lakh crore in unsettled cross-border trade transactions. The move aims to prevent exporters from being caution-listed for past overdue payments. RBI deputy governor Rohit Jain will meet bank CEOs this week to discuss the matter.
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