Overseas borrowing permission: AD Category I banks may tap multilateral institutions without prior case by case RBI approval, subject to conditions. AD Category I banks may borrow from international or multilateral financial institutions without seeking case by case Reserve Bank approval, where such institutions include bodies with multi government shareholding or Government of India participation. Borrowings must be for general banking business and not for capital augmentation, and are subject to the prudential conditions set out in the applicable A.P. (DIR Series) circular and the statutory framework under the Foreign Exchange Management Act.