The Reserve Bank of India has called in senior Yes Bank executives after a major security incident involving the Yes Bank–BookMyForex multi-currency forex card. According to reports, card numbers and CVV details of numerous customers may have been exposed. The RBI has demanded a full account of how the breach occurred and what safeguards failed.
Forex reserves rise $7.3 billion as FCNR & ECB flows pick up
The country’s stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, the latest data from