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of <h1>RBI Clarifies Overseas Direct Investments: Pre-2013 Commitments Valid, New Limit at 100% Net Worth, Specific Exceptions Apply.</h1> The circular issued by the Reserve Bank of India addresses clarifications on overseas direct investments (ODI) by Indian parties. It states that financial commitments made on or before August 14, 2013, under the previous 400% net worth limit will remain valid without requiring further approval. The current limit for new financial commitments is set at 100% of the Indian party's net worth, except for specific cases funded through EEFC accounts or ADRs/GDRs, which retain the 400% limit. The circular includes detailed responses to common queries and emphasizes the responsibility of authorized banks to verify and report transactions. Amendments to regulations will be announced separately.
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