Overseas investment limits for banks expanded, permitting higher proportion of unimpaired Tier One capital to be invested abroad. Banks may invest up to 50 per cent of their unimpaired Tier 1 capital or up to USD 25 million, whichever is higher, in overseas money market instruments and/or debt instruments; prior limits and borrowing instructions otherwise remain unchanged, and regulatory amendments to the Foreign Exchange Management (Borrowing or lending in foreign exchange) Regulations, 2000 will be notified separately under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999.
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Overseas investment limits for banks expanded, permitting higher proportion of unimpaired Tier One capital to be invested abroad.
Banks may invest up to 50 per cent of their unimpaired Tier 1 capital or up to USD 25 million, whichever is higher, in overseas money market instruments and/or debt instruments; prior limits and borrowing instructions otherwise remain unchanged, and regulatory amendments to the Foreign Exchange Management (Borrowing or lending in foreign exchange) Regulations, 2000 will be notified separately under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999.
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