Monday, January 23, 2023

RBI orders SBM Bank to stop transactions under remittance scheme with immediate effect

After discovering "material supervisory concerns" in SBM Bank (India) Ltd, the Reserve Bank of India on Monday ordered SBM Bank to stop all transactions under the liberalised remittance scheme with immediate effect.​

from Banking/Finance-Industry-Economic Times https://ift.tt/aRctXHj

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