Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 36.38 lakh on HSBC Limited for violation of directions on reporting requirements under the Liberalised Remittance Scheme of FEMA. The RBI had issued a show-cause notice to…
Get latest articles and stories on Latest News at LatestLY. The Reserve Bank on Wednesday imposed a fine of Rs 36.38 lakh on foreign lender HSBC for Foreign Exchange Management Act (FEMA) violations.
Get latest articles and stories on Latest News at LatestLY. HSBC Asset Management (India), its independent directors Jasmine Batliwala and Nani Javeri, and two others have paid market regulator Sebi nearly Rs 24 lakh to settle a case…