https://www.taxtmi.com/circulars?id=52418 AD Category I banks may borrow overseas foreign currency up to 100 per cent of unimpaired Tier I capital or USD 10 million equivalent, replacing the earlier 50 per cent limit, with exemptions for certain export credit and capital instruments. A time limited concessional swap facility into rupees is available for fresh borrowings of one to three years at one hundred basis points below market rate with annual resets. Excess borrowings beyond the prior ceiling require a board approved borrowing policy, a 12.0 per cent CRAR, minimum three year maturity, and continued compliance with existing regulatory norms. en-us Tue, 10 Sep 2013 00:00:00 +0530 Wed, 11 Sep 2013 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52418 AD Category I banks may borrow overseas foreign currency up to 100 per cent of unimpaired Tier I capital or USD 10 million equivalent, replacing the earlier 50 per cent limit, with exemptions for certain export credit and capital instruments. A time limited concessional swap facility into rupees is available for fresh borrowings of one to three years at one hundred basis points below market rate with annual resets. Excess borrowings beyond the prior ceiling require a board approved borrowing policy, a 12.0 per cent CRAR, minimum three year maturity, and continued compliance with existing regulatory norms. Circulars FEMA Tue, 10 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52418