Investment in Overseas Market

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....DIR Series) Circular No. 40 dated April 29, 2002, in terms which banks have been permitted to invest upto 25 per cent of their unimpaired Tier 1 capital or USD 10 million whichever was higher in overseas money market investments and/or debt instruments. 2. With a view to accord further flexibility in funds management to banks in India it has been decided that banks may now invest upto 50 per cent....