Large private sector banks in India are blocking Indian promoters' plans to establish investment companies abroad due to concerns of sidestepping foreign currency regulations. Offshore entities can move significantly higher amounts compared to the liberalised remittance scheme, raising concerns of misuse for personal use.
from Economic Times https://ift.tt/b1M4CQl
from Economic Times https://ift.tt/b1M4CQl
Banks block Indian promoters' foreign NBFC plans
![Banks block Indian promoters' foreign NBFC plans]()
Reviewed by শ্রী শ্রী সত্যনারায়ণ নমঃ
on
March 24, 2025
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