Foreign-currency operations require TechFin providers to maintain specified-currency balance sheets while allowing INR accounts for authorised expenses. TechFin and Ancillary Service Providers must conduct operations in any Specified Foreign Currency and maintain their balance sheets in any Specified ... Summary
Foreign-currency operations require TechFin providers to maintain specified-currency balance sheets while allowing INR accounts for authorised expenses.
TechFin and Ancillary Service Providers must conduct operations in any Specified Foreign Currency and maintain their balance sheets in any Specified Foreign Currency. They may additionally open an INR account to defray administrative and statutory expenses and for other purposes permitted under applicable laws.
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