Prior approval from Reserve Bank required for banks soliciting deposits or acting as agents for foreign financial services. Banks, including those without operational presence in India, must obtain prior approval from the Reserve Bank before soliciting deposits for their ... Summary
Prior approval from Reserve Bank required for banks soliciting deposits or acting as agents for foreign financial services.
Banks, including those without operational presence in India, must obtain prior approval from the Reserve Bank before soliciting deposits for their foreign or overseas branches or before acting as agents for overseas mutual funds or any other foreign financial services company.
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