India's transaction banking revolution needs risk management amid FX volatility, says BofA's transaction services boss
Transaction banking in India is undergoing significant changes, with treasury management becoming more strategic. Bank of America is focusing on providing globally consistent and locally relevant solutions in this market. Indian banks are competitive locally, but global banks are preferred for international transactions. Real-time treasury solutions are not universally demanded; instead, "On-Time Treasury" that optimally manages processes is favored.
Source: indiatimes.com