Rupee Drawing Arrangement permissions: initial RBI approval required; subsequent RDAs allowed with compliance and immediate RBI notification. Only the initial Rupee Drawing Arrangement entered into by an AD Category I bank with a non resident Exchange House requires prior permission from the Reserve Bank. Subsequent RDAs may be entered into by AD Category I banks subject to prescribed guidelines, provided the bank immediately informs the Reserve Bank of such arrangements.
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.
Rupee Drawing Arrangement permissions: initial RBI approval required; subsequent RDAs allowed with compliance and immediate RBI notification.
Only the initial Rupee Drawing Arrangement entered into by an AD Category I bank with a non resident Exchange House requires prior permission from the Reserve Bank. Subsequent RDAs may be entered into by AD Category I banks subject to prescribed guidelines, provided the bank immediately informs the Reserve Bank of such arrangements.
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