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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Indian Banks Can Lend to FPIs for Margin Payments in Gov Securities Transactions, per FEMA 1999 Amendments.</h1> The circular addresses the payment of margins for transactions in government securities by Foreign Portfolio Investors (FPIs). It permits Indian banks with an Authorised Dealer Category-1 license to lend to FPIs for placing margins with the Clearing Corporation of India Ltd. (CCIL) for settling government securities transactions, including Treasury Bills and State Development Loans. This decision follows requests and is supported by amendments to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018. The directions are effective immediately and are issued under the Foreign Exchange Management Act, 1999, without affecting other legal permissions or approvals.
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