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    <title>General prudential requirements</title>
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    <description>Banking Units operating as an IBU or IBC must comply with norms and guidelines specified by the Authority from time to time. An IBU must also comply with directions and instructions issued by the Home Regulator of its Parent Bank, unless otherwise specified by the Authority. The framework replaced an earlier requirement concerning directions applicable to IFSC Banking Units and later confined Home Regulator compliance specifically to IBUs.</description>
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