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A fundamental part of the Bank's overall monetary policy objective has always been to maintain stable credit and other conditions in support of the fixed parity between the Bahamian and U.
(“MUB”) relating to foreign currency, foreign exchange and related products and services, whether written or oral, is not intended as (and shall not be deemed) investment advice or a recommendation to buy or sell any currency or other investment or instrument, nor shall it be deemed an assurance.
· MUMBAI: The RBI has directed banks that deal in foreign exchange to not grant approval to foreign legal firms to set up any office in India under the Foreign Exchange Management Act ().
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· 1 Exchange rates fluctuate, at times significantly, and you acknowledge and accept all risks that may result from such fluctuations.
In 1853, Mercantile Bank of India was established in the country.
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Bank deposit, treasury management and lending products and services, foreign exchange and derivative products (including commodity derivatives), and investment and wealth management and fiduciary services, are provided by PNC Bank, National Association (“PNC Bank”), a wholly owned subsidiary of PNC and Member FDIC.
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Short for Hong Kong and Shanghai Banking Corporation, this bank has been operational in India since more than a century.
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Foreign currency money transfers from India are subject to applicable restrictions under Foreign Exchange Management Act, 1999.
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