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of <h1>RBI Allows Banks to Raise Capital via Perpetual Debt with FII and NRI Investments Under Specific Caps and Guidelines.</h1> The circular issued by the Reserve Bank of India permits banks in India to raise capital through Perpetual Debt instruments (Tier I) and Debt capital instruments (Tier II) by allowing subscriptions from Foreign Institutional Investors (FIIs) and Non-Resident Indians (NRIs). FIIs can invest up to 49% in Tier I instruments, with a 10% cap per individual FII, while NRIs can invest up to 24%, with a 5% cap per individual NRI. Tier II investments by FIIs and NRIs must comply with SEBI and existing policies. Issuing banks must report investment details to the RBI and adhere to stipulated guidelines.
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