Overseas Foreign Currency Borrowings by Authorised Dealer Banks

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r Category - I (AD Category - I) banks is invited to the announcement made on October 31, 2006, in the Mid Term Review of the Annual Policy for the year 2006-07 regarding overseas foreign currency borrowings by Authorised Dealer Banks (para 97 - annexed). 2. In view of the prevailing market conditions and the likely impact on liquidity, it has been decided to keep the operationalisation of the po....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t of 25 per cent (excluding borrowings for financing export credit). Short-term borrowings up to a period of one year or less, however, should not exceed 20 per cent of unimpaired Tier I capital within the overall limit of 50 per cent; • all borrowings in the form of subordinated debt placed by head offices of foreign banks with their branches in India as Tier II capital, capital funds raised/a....