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of <h1>Banks Must Report Adverse Findings in Liaison/Branch Office Annual Activity Certificates to RBI Under Regulation</h1> If a designated AD Category I bank identifies adverse findings in the Annual Activity Certificate (AAC) of a Liaison Office (LO) or Branch Office (BO) of a foreign entity in India, or if the LO/BO fails to submit AACs, the bank must promptly report these issues to the Reserve Bank of India.
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