A while ago, the Reserve Bank of India issued an order for all banks to end any relationship they may have with cryptocurrency-related companies.
source https://www.google.com/url?rct=j&sa=t&url=https://smartereum.com/45219/cryptocurrency-news-today-india-got-80-billion-in-remittance-within-the-year-what-does-this-mean-for-cryptocurrencies-cryptocurrency-in-india/&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNEzCljMHtwTWEMppJXO1OSdus80gA
