Trading of Foreign Exchange by Nationalized Banks

Reserve Bank of India (RBI) has informed that nationalized banks are allowed to trade in foreign exchange. The details of profit / loss of nationalized banks by trading in foreign exchange operations during the financial year 2009-10, 2010-11 and 2011-12 are at Annex.

This was stated by the Minister of State for Finance, Shri Namo Narian Meena in a written reply to a question in the Rajya Sabha today.

(Release ID :92544)