Participation in overseas rupee bonds limited: banks cannot subscribe but may arrange or trade under prudential norms. Indian banks are prohibited from subscribing to Rupee denominated bonds issued overseas in the primary market but may act as arrangers, underwriters, ... Summary
Participation in overseas rupee bonds limited: banks cannot subscribe but may arrange or trade under prudential norms.
Indian banks are prohibited from subscribing to Rupee denominated bonds issued overseas in the primary market but may act as arrangers, underwriters, market makers or traders, subject to compliance with prudential norms, within the framework of External Commercial Borrowings and trade credits.
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