Borrowing and Lending in Foreign Exchange by an Authorised dealer

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....dealer in India or his branch outside India may lend in foreign currency in the circumstances and subject to the conditions mentioned below, namely: (i) A branch outside India of an authorised dealer being a bank incorporated or constituted in India, may extend foreign currency loans in the normal course of its banking business outside India; (ii) An authorised dealer may grant l....

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.... in foreign exchange to his constituent maintaining ^1[***] RFC Account, against the security of funds held in such account.  (v) A branch outside India of an authorised dealer may extend foreign currency loans against the security of funds held in NRE/FCNR deposit accounts maintained in accordance with the Foreign Exchange Management (Deposit) Regulations, 2000. (vi) Subjec....

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....nk, from time to time] of his unimpaired Tier I capital or US$ 10 million, whichever is more, subject to such conditions as the Reserve Bank may direct. Explanation: For the purpose of clause (i), the aggregate loans availed of by all branches in India of the authorised dealer from his Head Office, all branches and correspondents outside India, shall be reckoned.  ^4[(ii) A ....

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....p;before it was read as, "EFFC Account or"  2. Substituted vide Notification no. 182/2009 dated 13-01-2009, w.e.f. 15-10-2008 before it was read as 'twenty five per cent' Earlier Substituted vide Notification No. 060/2002 dated 29/4/2002 For the words 'fifteen per cent', the words 'twenty five per cent', has been 3. Ins....