RBI Opens Door For Foreign Investors In IFSC To Invest In Sovereign Green Bonds
The Reserve Bank of India (RBI) has introduced a new scheme allowing foreign investors in the International Financial Services Centre (IFSC) to invest in sovereign green bonds.
RBI penalties have increased by 88% in three years; KYC and AML top the list
Over the past three years, penalties imposed by the Reserve Bank of India (RBI) on financial institutions have surged by 88%, with Know Your Customer (KYC) and Anti-Money Laundering (AML) violations being the most common.