https://www.taxtmi.com/circulars?id=11468 Dispenses with the requirement of prior Reserve Bank approval for opening and maintaining each Rupee Vostro account of non-resident Exchange Houses in connection with Rupee Drawing Arrangements; AD Category I banks must seek initial approval the first time they enter into such an arrangement with Exchange Houses from specified jurisdictions, may subsequently enter RDAs subject to prescribed guidelines and must inform the Reserve Bank immediately. When total RDAs reach twenty the bank must obtain a detailed external audit and, if satisfactory, secure Board authorisation and file the Board Note and Resolution with the Reserve Bank before further arrangements. en-us Mon, 30 Jan 2012 00:00:00 +0530 Mon, 30 Jan 2012 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11468 Dispenses with the requirement of prior Reserve Bank approval for opening and maintaining each Rupee Vostro account of non-resident Exchange Houses in connection with Rupee Drawing Arrangements; AD Category I banks must seek initial approval the first time they enter into such an arrangement with Exchange Houses from specified jurisdictions, may subsequently enter RDAs subject to prescribed guidelines and must inform the Reserve Bank immediately. When total RDAs reach twenty the bank must obtain a detailed external audit and, if satisfactory, secure Board authorisation and file the Board Note and Resolution with the Reserve Bank before further arrangements. Circulars FEMA Mon, 30 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11468