Foreign Exchange Management (Deposit) Regulations, 2000 –Loans to Non Residents / third party against security of Non Resident (External) Rupee Accounts (NR (E) RA) / Foreign Currency Non Resident (Bank) (FCNR(B)) deposits https://www.taxtmi.com/circulars?id=2202 Banks maintaining NR(E)RA and FCNR(B) deposits are prohibited from granting fresh loans or renewing existing loans above a prescribed ceiling against such deposits to depositors or third parties, with immediate effect; banks must avoid artificial slicing to circumvent the ceiling and implement amendments to the Foreign Exchange Management (Deposit) Regulations, 2000 while observing other legal permissions. en-us Wed, 31 Jan 2007 00:00:00 +0530 Wed, 01 Oct 2008 17:53:00 +0530 TaxTMI RSS Generator Foreign Exchange Management (Deposit) Regulations, 2000 –Loans to Non Residents / third party against security of Non Resident (External) Rupee Accounts (NR (E) RA) / Foreign Currency Non Resident (Bank) (FCNR(B)) deposits https://www.taxtmi.com/circulars?id=2202 Banks maintaining NR(E)RA and FCNR(B) deposits are prohibited from granting fresh loans or renewing existing loans above a prescribed ceiling against such deposits to depositors or third parties, with immediate effect; banks must avoid artificial slicing to circumvent the ceiling and implement amendments to the Foreign Exchange Management (Deposit) Regulations, 2000 while observing other legal permissions. Circulars FEMA Wed, 31 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2202