Rupee Drawing Arrangement approvals delegated to Regional Offices; AD Cat I banks must submit applications and annual review notes to ROs. Regional Offices of the Reserve Bank are authorised to grant first time permissions for AD Cat I banks to enter into Rupee Drawing Arrangement (RDA) with non resident exchange houses; AD Cat I banks must submit the prescribed application to the Regional Office with jurisdiction over their registered office, may thereafter enter into RDAs subject to prescribed guidelines and must inform that Regional Office immediately. AD Cat I banks must also submit the Board approved annual review note on vostro accounts under RDAs by 30 June each year to the same Regional Office.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rupee Drawing Arrangement approvals delegated to Regional Offices; AD Cat I banks must submit applications and annual review notes to ROs.
Regional Offices of the Reserve Bank are authorised to grant first time permissions for AD Cat I banks to enter into Rupee Drawing Arrangement (RDA) with non resident exchange houses; AD Cat I banks must submit the prescribed application to the Regional Office with jurisdiction over their registered office, may thereafter enter into RDAs subject to prescribed guidelines and must inform that Regional Office immediately. AD Cat I banks must also submit the Board approved annual review note on vostro accounts under RDAs by 30 June each year to the same Regional Office.
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