https://www.taxtmi.com/circulars?id=53673 AD Category I banks may borrow from international or multilateral financial institutions without seeking case by case Reserve Bank approval, where such institutions include bodies with multi government shareholding or Government of India participation. Borrowings must be for general banking business and not for capital augmentation, and are subject to the prudential conditions set out in the applicable A.P. (DIR Series) circular and the statutory framework under the Foreign Exchange Management Act. en-us Thu, 25 Jun 2015 00:00:00 +0530 Thu, 25 Jun 2015 19:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53673 AD Category I banks may borrow from international or multilateral financial institutions without seeking case by case Reserve Bank approval, where such institutions include bodies with multi government shareholding or Government of India participation. Borrowings must be for general banking business and not for capital augmentation, and are subject to the prudential conditions set out in the applicable A.P. (DIR Series) circular and the statutory framework under the Foreign Exchange Management Act. Circulars FEMA Thu, 25 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53673