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LRS outflows fall sharply in October after TCS regime takes effect
"Travel spending through credit cards for overseas travel could have risen as it is still out of ' LRS' ambit,” said Chitrabhanu K G, senior vice president and country head, retail assets and cards at Federal Bank. A June 30 statement by the finance ministry postponed the classification as LRS of the use of international credit cards when the customer is overseas.
"Travel spending through credit cards for overseas travel could have risen as it is still out of ' LRS' ambit,” said Chitrabhanu K G, senior vice president and country head, retail assets and cards at Federal Bank. A June 30 statement by the finance ministry postponed the classification as LRS of the use of international credit cards when the customer is overseas.
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