https://www.taxtmi.com/news?id=11667 A special concessional swap window is available for fresh FCNR(B) dollar funds mobilised for a minimum three-year tenor, allowing banks to swap such funds with the Reserve Bank at a fixed concessional rate for the deposit tenor. Simultaneously, the overseas borrowing limit is raised to 100 percent of unimpaired Tier I capital, and borrowings under this provision may be swapped with the Reserve Bank at a concessional rate below the prevailing market swap rate; both measures are time-bound and detailed operational instructions will follow. en-us Thu, 05 Sep 2013 15:11:27 +0530 Thu, 05 Sep 2013 15:11:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11667 A special concessional swap window is available for fresh FCNR(B) dollar funds mobilised for a minimum three-year tenor, allowing banks to swap such funds with the Reserve Bank at a fixed concessional rate for the deposit tenor. Simultaneously, the overseas borrowing limit is raised to 100 percent of unimpaired Tier I capital, and borrowings under this provision may be swapped with the Reserve Bank at a concessional rate below the prevailing market swap rate; both measures are time-bound and detailed operational instructions will follow. News - Thu, 05 Sep 2013 15:11:27 +0530 https://www.taxtmi.com/news?id=11667