TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
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>RBI Updates: Category I Banks Can Borrow Overseas with Reduced Maturity of One Year Until Nov 30, 2013.</h1> The circular addresses Category I Authorised Dealer Banks regarding overseas foreign currency borrowings. It references a previous circular allowing these banks to borrow beyond 50% of their unimpaired Tier I capital, with a minimum maturity of three years. The new directive reduces this minimum maturity requirement to one year for borrowings made by November 30, 2013, to utilize the Reserve Bank of India's Swap facility. After this date, the minimum maturity reverts to three years. These instructions are issued under the Foreign Exchange Management Act, 1999, and do not impact other required permissions or approvals.
TaxTMI 
