Overseas Foreign Currency Borrowings by Authorised Dealer Banks - Enhancement of limit

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....Dealer Category -I  Banks Madam / Sir, Overseas Foreign Currency Borrowings by Authorised Dealer Banks - Enhancement of limit Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to  A. P. (DIR  Series) Circular No. 81 dated March 24, 2004, in terms of which : (i) all categories of overseas foreign currency borrowings including existing ECBs, l....

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....a view to providing greater flexibility to AD Category - I banks in seeking access to overseas funds, it has been decided to liberalise this facility further. Accordingly, AD Category - I banks may henceforth borrow funds from their Head Office, overseas branches and correspondents and overdrafts in nostro accounts up to a limit of 50 per cent of their unimpaired Tier I capital as at the close of ....