IFSCA on 9th April, 2024 has issued the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024. The amendment provides that funds raised through External Commercial Borrowings (ECB) or through American Depository Receipts (ADRs) or Global Depository Receipts (GDRs) or through direct listing of equity shares of companies incorporated in India on International Exchanges, pending their utilization or repatriation to India, be held in foreign currency accounts with a bank outside India.
RBI releases the Financial Stability Report, December 2024
31 December 2024
Reserve Bank released the December 2024 issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability
