https://www.taxtmi.com/circulars?id=1922 Authorised dealers in India may grant foreign currency loans to holders of their own FCNR(B) deposits in India, provided loans are made only to the deposit holder, secured fully by the deposit, documented by the holder (not by POA), and subject to conditions: loan maturity not to exceed deposit maturity; loans not for investments in India; compliance with margin and prudential instructions; repayment by foreign remittance or adjustment of the deposit; board approval and adequate monitoring required. en-us Wed, 25 Sep 2002 00:00:00 +0530 Fri, 03 Oct 2008 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1922 Authorised dealers in India may grant foreign currency loans to holders of their own FCNR(B) deposits in India, provided loans are made only to the deposit holder, secured fully by the deposit, documented by the holder (not by POA), and subject to conditions: loan maturity not to exceed deposit maturity; loans not for investments in India; compliance with margin and prudential instructions; repayment by foreign remittance or adjustment of the deposit; board approval and adequate monitoring required. Circulars FEMA Wed, 25 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1922