Global Banks Say No to RBI's Offshore Reporting Plan, Believe It!

Hey, listen up! Global banks are like, 'No way, RBI!' They're pushing back on the central bank's plan for more offshore rupee trade reporting, claiming it could mess with client secrets! With a whopping $149 billion in trades every day, they’re worried about overhauling their whole system! But the RBI is determined to keep fighting for clarity, believe it!