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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.

FEMA - 112 - Dated:- 25-6-2015 - RBI/2014-15/649 A.P. (DIR Series) Circular No. 112 June 25, 2015 To All Category - I Authorised Dealer Banks Madam / 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 br .....

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eral financial institutions for a limited period up to November 30, 2013. 2. With a view to providing greater flexibility in seeking access to overseas funds, it has now been decided to permit AD Category - I banks to borrow from international / multilateral financial institutions without approaching Reserve Bank for a case by case approval. These shall include International / Multilateral Financial Institutions of which Government of India is a shareholding member or which have been established .....

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