Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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>AD Category-I Banks Can Borrow from Global Institutions Without RBI Approval for General Banking Purposes Under FEMA 1999.</h1> AD Category-I banks are now permitted to borrow from international or multilateral financial institutions without needing Reserve Bank of India's case-by-case approval. This decision enhances banks' flexibility in accessing overseas funds. Borrowings must be for general banking purposes, not capital augmentation, and comply with specified prudential conditions. The institutions eligible for lending include those with Indian government shareholding or established by multiple governments. The circular is issued under the Foreign Exchange Management Act, 1999, and does not override any other legal permissions or approvals required.
TaxTMI 
TaxTMI 
