Which of the following statements about RBI's expanded forex monitoring and mandatory “Spot Deals” reporting is/are correct?
- The Reserve Bank of India (RBI) has mandated the reporting of all inter-bank foreign exchange spot, cash, and tom (tomorrow-next day) transactions to the Trade Repository (TR) of the Clearing Corporation of India Limited (CCIL).
- The new reporting requirement will come into effect from February 10, 2025.
- RBI has imposed a monetary penalty of ₹59.20 lakh on South Indian Bank for non-compliance related to 'forex trading regulations'.
1
Only 1 and 2
2
Only 2 and 3
3
Only 1 and 3
4
All of the above
5
Only 1