Can a bank enter into a swap with RBI if the original tenor of the fresh FCNR (B) deposits mobilized is more than three years but at the time of availing of the swap facility with RBI, the residual maturity is less than three years?

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... turity is less than three years?
Swap Window for attracting FCNR (B) Dollar funds - As on Sep 18, 2013 - FEMA - FAQ
FEMA
Ans. Since the swap with RBI will be undertaken in multiples of USD on .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X