Foreign investment limits in bank capital instruments set with issuer compliance and reporting obligations. Permission is granted for FIIs registered with SEBI and NRIs to subscribe to bank-issued Perpetual Debt instruments qualifying as Tier I capital and to debt instruments qualifying as upper Tier II capital, subject to class-specific investment ceilings (FIIs: aggregate 49% and 10% per FII for Tier I; NRIs: aggregate 24% and 5% per NRI for Tier I), adherence to SEBI and extant NRI debt policies for Tier II, issuer compliance at time of issue, and reporting and custodial daily reporting requirements to the Reserve Bank of India.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign investment limits in bank capital instruments set with issuer compliance and reporting obligations.
Permission is granted for FIIs registered with SEBI and NRIs to subscribe to bank-issued Perpetual Debt instruments qualifying as Tier I capital and to debt instruments qualifying as upper Tier II capital, subject to class-specific investment ceilings (FIIs: aggregate 49% and 10% per FII for Tier I; NRIs: aggregate 24% and 5% per NRI for Tier I), adherence to SEBI and extant NRI debt policies for Tier II, issuer compliance at time of issue, and reporting and custodial daily reporting requirements to the Reserve Bank of India.
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