Some private banks offer easier platform to transfer money abroad, like ICICI's Money2World.
The Enforcement Directorate had asked for financial details from both public and private sector banks and a part of these details were submitted last week
The rupee has depreciated by about 25 per cent in the past three months, from close to Rs 83 in mid-May, while it was even higher at about Rs 80 against the British Pound in March.
In line with a weak stock market where benchmark Sensex plunged nearly 300 points, as many as 263 stocks hit their respective one-year lows on BSE on Monday.
Recently, Prime Minister Manmohan Singh had also ruled out the possibility of India witnessing a repeat of the 1991 balance of payments crisis and reversing the path to globalisation of economy.
Rupee movement, global cues key for stocks this week: Experts
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
The three hour long meeting was attended by Secretaries of departments of Revenue, Expenditure, Financial services and Disinvestment.
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's on Tuesday said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor confidence.
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The rupee on Friday touched an all-time low of 62.03 to a dollar, spooking the equities market and dragging the Sensex down to 18,621.39 in the afternoon.
Includes those dealing in high-value property and petrol pump owners
CBI and Enforcement Directorate are probing the huge remittances to Hong Kong from the bank.
Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts.
A forensic probe has been ordered into alleged irregularities by the department of financial services.
While the tax treatment does legitimise past crypto transactions, there is a possibility that any, or all, private cryptocurrencies will be banned in future.
