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Permitted activities

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....esign, execution and risk management: (1) Lend in the form of loans, trade finances and acceptances, commitments and guarantees, carry out credit enhancement, credit insurance, and sale and purchase of portfolios; (2) Undertake inter-bank borrowings and lending; (3) Undertake investments, including subscribing, acquiring, holding, underwriting or transferring securities ....

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....derivative or forward contracts in gold for hedging its gold investments; (e) offer non-deliverable currency contracts involving INR, or otherwise, to persons resident outside India and Banks in India having presence in the International Financial Services Centre. Explanation: For the purpose of this clause, non-deliverable forward contract means a contract for the difference bet....

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