TBM Staff - Mumbai
The Madras High Court has instructed the Reserve Bank of India (RBI) to conduct a thorough assessment of the shares and assets of DBS Bank India and Lakshmi Vilas Bank (LVB) prior to their
TBM Staff - Mumbai
EbixCash Limited, a subsidiary of global software and e-commerce services provider Ebix, Inc., has reported significant year-over-year (YOY) growth in its payment solutions vertical, particularly in the areas of foreign exchange, inward and outward money
TBM Staff - Mumbai
India's foreign exchange (forex) reserves dropped by USD 3.165 billion to USD 603.87 billion for the week ended July 28, the Reserve Bank of India (RBI) has said. This is the second consecutive weekly drop
TBM Staff - Mumbai
Spending in foreign exchange through international credit cards will be covered under the RBI's liberalised remittance scheme (LRS), under which a resident can remit money abroad up to a maximum of USD 2.50 lakh per
TBM Staff - Mumbai
Indians spent around USD 10 billion on overseas travel between April and December, a report by Mayur Shetty in the Times of India (TOI) said, citing data from the Reserve Bank of India (RBI). It
TBM Staff - Mumbai
EaseMyTrip aims to launch a currency exchange service, and for this will apply for a Full-Fledged Money Changer License (FFMC) from the Reserve Bank of India (RBI). It will enable customers to easily convert their
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