Foreign banks seek leeway on LEF rules for Nostro accounts
At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central banks Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions.
Nostro Accounts Et Bureau Large Exposures Framework Reserve Bank Banks Seek Leeway Nostro Accounts Lef Rules
Source: indiatimes.com