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of <h1>New Policy Delays Overseas Borrowing Capacity Increase for Authorized Dealer Category-I Banks Due to Market Conditions.</h1> The circular addresses overseas foreign currency borrowings by Authorized Dealer Category - I banks. It references an announcement from October 31, 2006, regarding policy changes to enhance the borrowing capacity of these banks. The policy allows banks to borrow from overseas branches and correspondent banks up to 50% of their unimpaired Tier I capital or USD 10 million, whichever is higher, with short-term borrowings capped at 20% of Tier I capital. Certain borrowings, such as subordinated debt and innovative perpetual debt instruments, remain outside this limit. Due to market conditions, the implementation of this policy has been postponed.
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