RBI Tweaks Rules To Cut Risk Banks Face In Exposure To Capital Markets | Economy News

[ad_1] New Delhi: The RBI on Friday tweaked rules to reduce the risk faced by banks in their exposure to capital market in the case of issue of Irrevocable Payment Commitments (IPCs). The RBI issued a circular stating that “only those custodian banks will be permitted to issue IPCs, who have a clause in the … Read more