Cash management in the crosshairs: India’s current account dilemma
New banking regulations from the Reserve Bank of India are tightening the noose around the constellation of corporate current accounts. Gopul Shah of Golden Agri-Resources speaks to CorporateTreasurer about the ramifications.
The Reserve Bank of India (RBI) acted in August 2020 to close India’s galaxy of banking current accounts with little or no loan exposure to the issuing bank.
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