Borrowing and lending rules: RBI may permit use of borrowed rupee funds for on lending to infrastructure or fixed deposits. Amendment to Regulation 6 authorises the Reserve Bank to permit resident entities to use borrowed rupee funds either for on lending/re lending to the infrastructure sector or for placing the funds in fixed deposits with banks in India pending utilisation for permissible end uses.
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.
Borrowing and lending rules: RBI may permit use of borrowed rupee funds for on lending to infrastructure or fixed deposits.
Amendment to Regulation 6 authorises the Reserve Bank to permit resident entities to use borrowed rupee funds either for on lending/re lending to the infrastructure sector or for placing the funds in fixed deposits with banks in India pending utilisation for permissible end uses.
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