India's e-commerce exports have a lot to complain about banking issues, ET Retail
A report by the Global Trade Research Initiative (GTRI) highlights the banking issues are hindering the growth of e-commerce exports from India. These issues include reluctance to process forex through alternate channels, high processing fees, incorrect purpose code allocation, and limitations in the RBI's Export Data Processing and Monitoring System. The report suggests that a mindset change is needed to unlock the sector's potential and calls for actions such as standardizing bank charges.
Source: indiatimes.com
