Tighter norms for Indian firms investing abroad by RBI: Why such disclosures now?

The Reserve Bank of India has stepped up oversight of overseas investments by Indian companies. According to an RBI questionnaire reviewed by The Economic Times, firms will now have to disclose anti-money laundering checks, KYC and due diligence carried out on foreign partners, along with detailed financial and operational information on overseas subsidiaries. Here's why the central bank is tightening the rules as outbound investments hit a record high.#RBI, #OverseasInvestment, #ODI, #IndianCompanies, #BusinessNews, #Economy, #CorporateIndia, #MoneyLaundering, #Compliance, #KYC, #DueDiligence, #ForeignInvestment, #EconomicTimes, #Finance, #IndiaBusiness