Permission to AD Category -I banks to borrow from international / multilateral financial institutions without approaching RBI for case by case approval subject to specified conditions.

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.... Sir, Overseas Foreign Currency Borrowings by Authorised Dealer Bank Attention of Authorised Dealer Category I (AD Category-I) banks is invited to Regulation no. (4)(2)(i) of Notification No. FEMA 3/RB-2000 dated May 3, 2000, as amended from time to time, in terms of which, AD Category - I banks may borrow funds from their Head Office or overseas branches or correspondents outside India or a....

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....al. These shall include International / Multilateral Financial Institutions of which Government of India is a shareholding member or which have been established by more than one government or have shareholding by more than one government and other international organizations. 3. Such borrowings should be for the purpose of general banking business and not for capital augmentation and shall be s....