How does the MoU benefit UK-based banks such as Standard Chartered, Barclays, and HSBC?
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How does the MoU benefit UK-based banks such as Standard Chartered, Barclays, and HSBC?

How does the MoU benefit UK-based banks such as Standard Chartered, Barclays, and HSBC?
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How does the MoU benefit UK-based banks such as Standard Chartered, Barclays, and HSBC?

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UK-based banks, being major players in domestic markets and custodians for foreign investments in India, find relief as the MoU resolves potential issues related to oversight of the CCIL. It ensures a "hands-off" approach from the BoE, allowing for smoother trade operations.

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