IFSC banking units can open foreign currency current accounts

The RBI further said it will not prescribe any limit for raising short-term liabilities from banks. "However, the IBUs must maintain LCR (Liquidity Coverage Ratio) as applicable to Indian banks on a stand-alone basis and strictly follow the liquidity risk management guidelines issued by RBI to banks," it said.

from Banking/Finance-Industry-Economic Times https://ift.tt/395JAir