RBI partially relaxes remittance transaction restrictions on SBM Bank1 min read . Updated: 01 Feb 2023, 11:09 AM IST
- RBI said that the bank initiated corrective actions and made a submission for the relaxation of the restriction
The Reserve Bank of India (RBI) on Wednesday partially relaxed the restrictions it had imposed on SBM Bank (India) ltd to stop all transactions under the Liberalised Remittance Scheme (LRS).
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