https://www.taxtmi.com/circulars?id=52469 AD Category I banks may borrow overseas foreign currency beyond their unimpaired Tier I capital subject to minimum maturity rules: borrowings made on or before November 30, 2013 to avail the Reserve Bank's swap facility may have a minimum maturity of one year; borrowings beyond that date must have a minimum maturity of three years. The directions are issued under the Foreign Exchange Management Act and do not affect other required statutory permissions or approvals. en-us Wed, 25 Sep 2013 00:00:00 +0530 Thu, 26 Sep 2013 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52469 AD Category I banks may borrow overseas foreign currency beyond their unimpaired Tier I capital subject to minimum maturity rules: borrowings made on or before November 30, 2013 to avail the Reserve Bank's swap facility may have a minimum maturity of one year; borrowings beyond that date must have a minimum maturity of three years. The directions are issued under the Foreign Exchange Management Act and do not affect other required statutory permissions or approvals. Circulars FEMA Wed, 25 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52469