Indian Banks Urged To Keep FX Funds Separate

09 Jan 2009

The Indian government is being urged to advise banks to keep overdue receivables from derivatives contracts in so-called suspense accounts, without deducting interest rates.

The Indian government is being urged to advise banks to keep overdue receivables from derivatives contracts in so-called suspense accounts, without deducting interest rates. The president of Tiruper Exporters Association made the plea to the central government in a memo, noting that despite instructions from the Reserve Bank ...

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