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          FEMA

          Can a bank offer loan abroad to the account holder and can the lending institution mark lien on such deposits?

          Swap Window for attracting FCNR (B) Dollar funds - As on Sep 18, 2013

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          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.
                            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.

                                  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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