TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Banks Can Now Offer Rupee Loans to NRI Employees for ESOP Share Purchases, Up to 20 Lakh Rupees.</h1> Banks are now permitted to extend Rupee loans to Non-Resident Indian (NRI) employees of Indian companies for purchasing shares under the Employees Stock Option (ESOP) Scheme. These loans can cover up to 90% of the share purchase price or a maximum of 20 lakh Rupees, whichever is lower. The interest rate and margin are determined by the banks, adhering to Reserve Bank directives. Loan disbursements are made directly to the company, and repayments must come from inward remittances or specific non-resident accounts. These loans count towards banks' capital market exposure, subject to Reserve Bank prudential limits. Amendments to relevant regulations are forthcoming.
TaxTMI 
TaxTMI 
