Asia/Pacific

RBI SAYS NO MORE ROUTING OF COLLECTIONS FROM ONLINE TICKET SALES DIRECTLY TO OVERSEAS BANK ACCOUNTS

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RBI SAYS NO MORE ROUTING OF COLLECTIONS FROM ONLINE TICKET SALES DIRECTLY TO OVERSEAS BANK ACCOUNTS

The Reserve Bank of India has said that foreign airlines cannot route collections from online tickets sales in India directly to foreign bank accounts. At present, some airlines give Indian passengers the option to buy tickets online with the option to make payments in a foreign currency. The Indian...

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