Offshore banking unit
Banks’ offshore operations to receive a boost
Offshore banking units have been relieved from maintaining cash reserve ratio
Rules eased for banks to facilitate import payments
To meet import payment obligations, banks would be able to transfer funds from their OBUs to their domestic business or onshore units
February 29, 2024
Banks’ offshore operations to receive a boost
Offshore banking units have been relieved from maintaining cash reserve ratio
April 9, 2023
Rules eased for banks to facilitate import payments
To meet import payment obligations, banks would be able to transfer funds from their OBUs to their domestic business or onshore units
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