Designated bank requirement requires FVCIs to use an RBI-approved bank branch for foreign currency or special non-resident rupee accounts. A Foreign Venture Capital Investor must appoint a branch of a bank approved by the Reserve Bank of India as its designated bank for opening foreign ... Summary
Designated bank requirement requires FVCIs to use an RBI-approved bank branch for foreign currency or special non-resident rupee accounts.
A Foreign Venture Capital Investor must appoint a branch of a bank approved by the Reserve Bank of India as its designated bank for opening foreign currency denominated accounts or a special non-resident rupee account.
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