https://www.taxtmi.com/notifications?id=146893 Banking Units in International Financial Services Centres require licensing based on prescribed capital, home-regulator approval and Parent Bank liquidity support. They must meet applicable prudential standards, including liquidity, leverage, exposure, reserve and reporting requirements. Banking business is generally conducted in freely convertible foreign currencies, with specified INR transactions permitted where settlement occurs in foreign currency. Permissible activities include lending, investments, trade finance, derivatives, export finance, leasing and eligible Foreign Portfolio Investor activities. Know Your Customer and anti-money-laundering requirements apply, and failure to meet licence conditions may result in licence withdrawal after an opportunity for submissions. en-us Wed, 18 Nov 2020 00:00:00 +0530 Mon, 14 Sep 2026 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=146893 Banking Units in International Financial Services Centres require licensing based on prescribed capital, home-regulator approval and Parent Bank liquidity support. They must meet applicable prudential standards, including liquidity, leverage, exposure, reserve and reporting requirements. Banking business is generally conducted in freely convertible foreign currencies, with specified INR transactions permitted where settlement occurs in foreign currency. Permissible activities include lending, investments, trade finance, derivatives, export finance, leasing and eligible Foreign Portfolio Investor activities. Know Your Customer and anti-money-laundering requirements apply, and failure to meet licence conditions may result in licence withdrawal after an opportunity for submissions. Notifications Indian Laws Wed, 18 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=146893