Lien on FCNR(B) deposits permitted, allowing banks to secure loans to account holders abroad against balances. Banks are permitted to extend loans to FCNR(B) account holders and to mark a lien on those deposits as security, enabling secured cross-border lending ... Summary
Lien on FCNR(B) deposits permitted, allowing banks to secure loans to account holders abroad against balances.
Banks are permitted to extend loans to FCNR(B) account holders and to mark a lien on those deposits as security, enabling secured cross-border lending against foreign currency deposit balances.
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