Risk Management and Inter-bank Dealings- Permitting AD Cat-I banks to voluntarily undertake user and Inter-Bank transactions beyond onshore market hours
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Inter bank and customer forex trading beyond onshore market hours now permissible for authorised dealer Category I banks. Authorised Dealer Category I banks may voluntarily undertake customer (residents and non residents) and inter bank foreign exchange transactions beyond onshore market hours, executed out of their Indian books or through overseas branches and subsidiaries, pursuant to an amendment to Part C of the Master Direction-Risk Management and Inter Bank Dealings; this permission is subject to any other statutory permissions or approvals required.
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.
Inter bank and customer forex trading beyond onshore market hours now permissible for authorised dealer Category I banks.
Authorised Dealer Category I banks may voluntarily undertake customer (residents and non residents) and inter bank foreign exchange transactions beyond onshore market hours, executed out of their Indian books or through overseas branches and subsidiaries, pursuant to an amendment to Part C of the Master Direction-Risk Management and Inter Bank Dealings; this permission is subject to any other statutory permissions or approvals required.
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