India-EU Regulators Aim to Re-Recognize Clearing Houses

India and the European Union are working together to allow five Indian clearing houses to be recognized again by the EU.

This is important because the EU had previously stopped recognizing these clearing houses, which made things more expensive for European banks.

The Indian and EU regulators are now trying to make a new agreement to fix this issue.

This comes at a time when India and the EU are becoming closer, as they recently signed a free trade agreement.

The new agreement could make it easier for banks to do business and might help India's economy grow.