Reserve Bank of India (RBI) LEI Requirements

India's RBI has set a deadline for all financial institutions in the country to switch over from their existing foreign exchange (forex) accounting methodologies. The LEI, or local-exchange identification number system is going be mandatory starting March 31st 2020 and will provide better data quality through risk management post Global Financial Crisis with an average of 300 new Indian Leis being issued every year on average as well.

The RBI has mandated the use of a LEI for many transactions in India, and now it's time to apply. The deadline is March 31st 2020!

Do you want your company's financial data system improved by improving how risks are managed after last years Global Financial Crisis? If so then get yourself prepared because that means submitting an Live Event Information (LEI) form before then which will give them more accurate information about what could go wrong when dealing with these types of deals or loans if there should ever arise any type accidents during production processes etc.