RBI power to prescribe foreign borrowing parameters expanded; can modify eligibility, terms, and transition dates. The Reserve Bank of India may, in consultation with the Government of India, prescribe or modify for both the automatic and approval routes any provision or proviso concerning parameters for overseas borrowings in foreign currency or Indian rupees, including eligible borrowers and lenders, permitted purposes, amount, maturity, all in cost, security, pre payment, parking of proceeds, reporting and drawal, refinancing and debt servicing, and may prescribe the date from which new provisions or cessation of existing provisos will take effect.
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.
RBI power to prescribe foreign borrowing parameters expanded; can modify eligibility, terms, and transition dates.
The Reserve Bank of India may, in consultation with the Government of India, prescribe or modify for both the automatic and approval routes any provision or proviso concerning parameters for overseas borrowings in foreign currency or Indian rupees, including eligible borrowers and lenders, permitted purposes, amount, maturity, all in cost, security, pre payment, parking of proceeds, reporting and drawal, refinancing and debt servicing, and may prescribe the date from which new provisions or cessation of existing provisos will take effect.
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