MUMBAI – The Reserve Bank of India (RBI) released a framework for the setting up of wholly-owned subsidiaries (WOS) by foreign banks in India on 6 November. According to the RBI, subsidiaries will be “given near national treatment which will enable them to open branches anywhere in the country at par with Indian banks (except in certain sensitive areas where the Reserve Bank’s prior approval would be required). They would also be able to participate fully in the development of the Indian financial sector.”

 

Global Risk Regulator is rebranding as a digital-only product. To mark this digital relaunch and to emphasise the appeal of our content for professionals across the banking sector and its regulatory environment, Global Risk Regulator will be rebranded as FinReg Specialist. 

FinReg Specialist is a brand new newsletter containing must-know insights, views and analysis of the latest developments in global financial regulation, produced by the same team behind Global Risk Regulator.

In these updates, we will bring you expert coverage and comment on the most pressing areas of FinReg including crypto, ESG, prudential and markets regulation - bringing you timely intelligence that will help you to do your job better.

 
   
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