Foreign Investment in Tier I and Tier II instruments issued by banks in India

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....stment in Tier I and Tier II instruments issued by banks in India Attention of Authorized Dealer (AD) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified by the Reserve Bank of India vide Notification No.20 dated 3^rd May 2000, as amended from time to time. Regulation 5 of the said Notification read wi....

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....bt instruments (Tier I) should not exceed an aggregate ceiling of 49 per cent of each issue, and investment by individual FII should not exceed the limit of 10 per cent of each issue. b. The investments by all NRIs in Perpetual Debt instruments (Tier I) should not exceed an aggregate ceiling of 24 per cent of each issue and investments by a single NRI should not exceed 5 percent of the issue. ....

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..... The details of the secondary market sales / purchases by FIIs and the NRIs in these instruments on the floor of the stock exchange shall be reported by the custodians and designated banks, respectively to the Reserve Bank of India through the soft copy of the LEC Returns, on a daily basis, as prescribed in Schedule 2 and 3 of the Notification under reference. 6. The banks issuing Perpetual De....

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....eral Manager   Annex Details of Investments by FIIs and NRIs in Perpetual Debt instruments qualifying as Tier-I capital a) Name of the bank : b) Total issue size/ amount raised (in Rupees) : c) Date of issue : FIIs NRIs No of FIIs Amount raised No. of NRIs Amount raised in Rupees as a percentage of the total issue size in Rupees as a percentage of....