Foreign banks seek leeway on LEF rules for Nostro accounts
Tue, Apr 30, 2024 10:16 AM

Foreign banks seek leeway on LEF rules for Nostro accounts

A Flip by Riya Sharma
Get it on Google Play
At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank's Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions.Banks have requested the Reserve Bank of India (RBI) to consider excluding Nostro accounts from the exposures.

More great flips

Retirement Planning: These 5 schemes provide pension every month

Retirement Planning: These 5 schemes provide pension every month

Retirement Planning: If you are planning for your retirement and want to get pension every month, then it is important for you to invest in those schemes which give good returns. Here are five schemes that offer a reliable monthly pension, ensuring you do not have to depend on anyone in your later years.

Open Flip
Foreign investors pile into Turkish Bonds at fastest since 2013

Foreign investors pile into Turkish Bonds at fastest since 2013

Overseas investors are buying Turkish government bonds at the fastest pace in more than a decade, emboldened by pledges of monetary orthodoxy and lower inflation. Capital flows into Turkey’s lira-denominated bonds hit $2.8 billion in the week through May 10, according to the latest central bank data—the biggest weekly inflow into the debt since 2013.

Open Flip
President of India-backed low PE & high ROE stock; Oil India Ltd.

President of India-backed low PE & high ROE stock; Oil India Ltd.

The President of India owns the majority of the stake in the company i.e., 56.66 per cent. Oil India Ltd, a central public sector undertaking, is a major player in India's oil and gas industry. They focus on activities across the entire oil and gas production chain, including exploration, development, and production of crude oil and natural gas.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon