https://www.taxtmi.com/circulars?id=1886 Banks may invest in overseas money market and debt instruments up to twenty five per cent of unimpaired Tier I capital or the equivalent baseline amount, and may place undeployed FCNR(B) funds in long term fixed income securities provided instruments meet prescribed credit ratings, board approved type/maturity and overall caps, maturities do not exceed underlying FCNR(B) deposit maturities, and all investments comply with gap discipline and risk management/ALM guidelines; borrowings from head offices and overseas correspondents are permitted to the same revised ceiling. en-us Mon, 29 Apr 2002 00:00:00 +0530 Fri, 03 Oct 2008 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1886 Banks may invest in overseas money market and debt instruments up to twenty five per cent of unimpaired Tier I capital or the equivalent baseline amount, and may place undeployed FCNR(B) funds in long term fixed income securities provided instruments meet prescribed credit ratings, board approved type/maturity and overall caps, maturities do not exceed underlying FCNR(B) deposit maturities, and all investments comply with gap discipline and risk management/ALM guidelines; borrowings from head offices and overseas correspondents are permitted to the same revised ceiling. Circulars FEMA Mon, 29 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1886