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RBI ALLOWS URBAN CO-OP BANKS TO CARRY OUT FOREX BUSINESS.
Publication: AsiaPulse News Publication Date: 30-NOV-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
MUMBAI, Nov 30 Asia Pulse - Reserve Bank of India on Wednesday allowed Urban Co-operative Banks to carry out foreign exchange business provided they adhered to certain pre-conditions.
The banks have been allowed to operate under the Authorised Dealer Category I or II licence, an RBI notification said.
To...
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