https://www.taxtmi.com/circulars?id=5873 Banks may grant loans secured by funds in NR(E)RA and FCNR(B) deposits to depositors or third parties up to a revised maximum limit, subject to an express prohibition on artificial slicing of loan amounts to circumvent the ceiling. The revision is effective immediately and the directions are issued under the relevant powers of the foreign exchange statute without prejudice to other statutory permissions. en-us Tue, 28 Apr 2009 00:00:00 +0530 Fri, 30 Oct 2009 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5873 Banks may grant loans secured by funds in NR(E)RA and FCNR(B) deposits to depositors or third parties up to a revised maximum limit, subject to an express prohibition on artificial slicing of loan amounts to circumvent the ceiling. The revision is effective immediately and the directions are issued under the relevant powers of the foreign exchange statute without prejudice to other statutory permissions. Circulars FEMA Tue, 28 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5873