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25Apr 2024

RBI CAUTIONS AGAINST ILLEGAL FOREX TRADING, ADVISES BANKS AND CUSTOMERS.

Why in the news? RBI warns against illegal forex trading through unauthorised entities, instructs banks to report to the Enforcement Directorate. source:ET About RBI Alert: Unauthorised Forex Trading The Reserve Bank of India (RBI) has issued a cautionary circular to banks and customers regarding unauthorised entities offering forex trading with promises of high returns. These …

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09Apr 2024

RBI GOVERNOR FLAGS CONCERNS OVER UNAUTHORISED FOREX TRADING PLATFORMS.

Why in the news? RBI Governor raises concerns about unauthorised forex platforms, urges banks to enhance vigilance against illegal activities. source:slideshare Highlights of the Alerts and Cautioning: RBI Governor Shaktikanta Das addressed concerns over unauthorised forex trading platforms, urging banks to enhance vigilance against illegal activities. The RBI has been cautioning both banks and the …

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