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RBI to conduct onsite inspections on banks' overseas arms

In a bid to stem the cascading impact of global economic turmoil, the RBI has decided to take a deeper insight of banks’ international business. The regulator has revived the process of making onsite visits at foreign branches held by their subsidiaries or in any manner, almost after more than two decades, a source from RBI told Moneycontrol.com.

April 11, 2012 / 08:13 IST

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Saikat Das
Moneycontrol.com

In a bid to stem the cascading impact of global economic turmoil, the Reserve Bank of India (RBI) has decided to delve deeper into international businesses of domestic banks. The regulator has revived the process of making onsite visits to foreign branches/subsidiaries of domestic banks after more than two decades, a source from RBI told Moneycontrol.com.

first published: Apr 10, 2012 02:17 pm

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