Question

Under what condition can an IFSC Banking Unit (IB

  • R as per the IFSCA (Banking) Regulations 2020?
  • U conduct business in Indian Rupees (IN
A If approved by the Reserve Bank of India
B If the transaction is settled in foreign currency
C If the customer is based in India
D If the transaction is for an amount below INR 1 crore
E If permission is granted by the Ministry of Finance
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