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 ... Summary
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
