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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Rupee Denominated Bonds Issuance Abroad Excluded from Foreign Investor Limits; Email Reporting Requirement Removed.</h1> The circular addresses Authorized Dealer Category - I banks regarding the issuance of Rupee Denominated Bonds (RDBs) overseas. Effective October 3, 2017, RDB issuances are excluded from the Foreign Portfolio Investors' investment limit in corporate bonds. The requirement for additional email reporting of RDB transactions has been removed, but reporting under existing External Commercial Borrowing norms remains. Other aspects of the ECB policy are unchanged. The Master Direction will be updated to reflect these changes, and the directions are issued under the Foreign Exchange Management Act, 1999. Banks are instructed to inform their clients of these updates.