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of <h1>RBI Updates: Banks Can Invest More Overseas and Borrow from Head Offices. Check New Tier I Capital Rules.</h1> The Reserve Bank of India has revised guidelines for banks in India, allowing them to invest up to 25% of their unimpaired Tier I capital or US $10 million, whichever is higher, in overseas money market and debt instruments. Additionally, banks can invest undeployed FCNR (B) funds in long-term fixed income securities, subject to specific ratings and maturity conditions approved by their Board. Banks may also borrow up to 25% of their unimpaired Tier I capital or US $10 million from their Head Office or overseas branches. Other instructions from a previous circular remain unchanged, and amendments to relevant regulations are forthcoming.
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