Reserve Bank of India (RBI) has said a start-up with an overseas subsidiary is permitted to open foreign currency account abroad to pool the foreign exchange earnings. In view of the Government's 'Start-up India' initiative, regulatory relaxations are being given to them.RBI further said that the overseas subsidiary is also permitted to pool its receivables arising from the transactions with the residents in India as well as the transactions with the non-residents abroad into the foreign currency account opened abroad in the name of the start-up.