News+

India's biggest banks weigh their options, hold off on servicing crypto firms in wake of Supreme Court ruling

Quick Take

  • Major banks in India have not yet begun servicing crypto exchanges after the Supreme Court’s ruling earlier this week.
  • Shekhar Bhandari, president of global transaction banking at Kotak Mahindra Bank, told The Block: “We will be guided by the Reserve Bank of India’s (RBI’s) directions on the matter and once we get clarity we will act appropriately.” 
  • The RBI is reportedly planning to file a review petition on the ruling.
Major banks in India have not yet begun servicing crypto exchanges after the Supreme Court's ruling earlier this week.

Subscribe to The Block News+ to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly

Annual

$
per year
Join Now

Monthly

$
per month
Join Now

Questions?

If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Trending Stories

More