NOP-INR position relief for swap exposures from FCNR(B), ECB and OFCB, subject to compliance with existing circular requirements.

NOP-INR position relief for swap exposures from FCNR(B), ECB and OFCB, subject to compliance with existing circular requirements. https://www.taxtmi.com/highlights?id=100657 AD Cat-I banks may exclude swap positions arising from FCNR (B) deposits, external commercial borrowings and overseas foreign currency borrowings raised under the specified swap-facility circulars, provided they continue to comply with A.P. (DIR Series) Circular No. 24 dated March 27, 2026. The circular operates as a clarification on the treatment of NOP-INR positions for these swap exposures and preserves compliance with other applicable legal requirements. en-us Wed, 10 Jun 2026 14:58:59 +0530 Wed, 10 Jun 2026 14:59:00 +0530 TaxTMI RSS Generator NOP-INR position relief for swap exposures from FCNR(B), ECB and OFCB, subject to compliance with existing circular requirements. https://www.taxtmi.com/highlights?id=100657 AD Cat-I banks may exclude swap positions arising from FCNR (B) deposits, external commercial borrowings and overseas foreign currency borrowings raised under the specified swap-facility circulars, provided they continue to comply with A.P. (DIR Series) Circular No. 24 dated March 27, 2026. The circular operates as a clarification on the treatment of NOP-INR positions for these swap exposures and preserves compliance with other applicable legal requirements. Highlights FEMA Wed, 10 Jun 2026 14:58:59 +0530 https://www.taxtmi.com/highlights?id=100657