RBI enforces 20-digit LEI for cross-border deals above Rs 50 crore

The Legal Entity Identifier (LEI) number is used to uniquely identify parties to financial deals worldwide to improve quality and accuracy of financial data systems

BS Reporter |Business Standard | Mumbai
Premium
RBI enforces 20-digit LEI for cross-border deals above Rs 50 crore

1 min read Last Updated : Dec 11 2021 | 12:40 AM IST

Listen to This Article

The Reserve Bank of India (RBI) on Friday made Legal Entity Identifier (LEI) mandatory for cross-border transactions for capital or current account transactions of Rs 50 crore and above, from October

Topics :RBIdigital transactions

First Published: Dec 10 2021 | 6:55 PM IST

Next Story