Can Indian banks participate in the process of issuance of Rupee denominated bonds overseas in any other manner? https://www.taxtmi.com/manuals?id=5831 Indian banks are prohibited from subscribing to Rupee denominated bonds issued overseas in the primary market but may act as arrangers, underwriters, market makers or traders, subject to compliance with prudential norms, within the framework of External Commercial Borrowings and trade credits. en-us Thu, 21 Nov 2024 14:13:00 +0530 Thu, 21 Nov 2024 14:13:00 +0530 TaxTMI RSS Generator Can Indian banks participate in the process of issuance of Rupee denominated bonds overseas in any other manner? https://www.taxtmi.com/manuals?id=5831 Indian banks are prohibited from subscribing to Rupee denominated bonds issued overseas in the primary market but may act as arrangers, underwriters, market makers or traders, subject to compliance with prudential norms, within the framework of External Commercial Borrowings and trade credits. Manuals FEMA Thu, 21 Nov 2024 14:13:00 +0530 https://www.taxtmi.com/manuals?id=5831