Rupee denominated bonds overseas permitted for bank capital instruments and infrastructure and affordable housing financing. Banks may issue rupee denominated bonds overseas to raise funds through perpetual debt instruments qualifying as Additional Tier 1 capital, debt instruments qualifying as Tier 2 capital, and to finance infrastructure and affordable housing, subject to applicable prudential norms and FEMA guidelines and relevant existing instructions.
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 denominated bonds overseas permitted for bank capital instruments and infrastructure and affordable housing financing.
Banks may issue rupee denominated bonds overseas to raise funds through perpetual debt instruments qualifying as Additional Tier 1 capital, debt instruments qualifying as Tier 2 capital, and to finance infrastructure and affordable housing, subject to applicable prudential norms and FEMA guidelines and relevant existing instructions.
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