Foreign banks are reportedly reclassifying arbitrage deals, impacted by RBI’s rupee speculation clampdown, as hedges for capital from overseas parents. This move aims to circumvent the $100 million net open position limit imposed by the regulator. The RBI may scrutinize these reclassifications based on timelines and documentation.
ETMarkets Management Talk | We want to grow 20% annually without taking on debt: Bansal Wire’s Pranav Bansal
Bansal Wire Industries is focusing on operational efficiency and cash generation for growth. The company targets twenty percent annual growth without increasing leverage. This growth