Investment in and Borrowing from Overseas Markets

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Overseas Markets Attention of authorised dealers is invited to paragraphs C.4 (ii) and C.5 (i ) of A.P. (DIR Series) Circular No.19, dated January 24, 2002. 2. With a view to accord greater flexibility in funds management to banks in India, it has been decided that banks may now invest up to twenty five per cent (as against the existing ceiling of fifteen percent) of their unimpaired Tier I .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nagement/ ALM guidelines issued by DBOD from time to time. 4. Banks may now avail of loans/ overdrafts from their Head Office/overseas branches/correspondents up to twenty five per cent (as against the existing ceiling of fifteen per cent) of their unimpaired Tier I capital or US$ 10 million or its equivalent, whichever is higher. 5. All other instructions contained in the paragraphs C.4 (ii .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X