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Indian banks can extend loans to non-residents, issue SBLC in favour of overseas lenders: RBI FAQs on FCNR (B) deposits
Indian banks, including their overseas branches, can extend loans to non-residents, or issue a stand-by letter of credit (SBLC) in favour of overseas lenders against FCNR(B) deposits, mobilised under the RBI’s latest measures to attract foreign capital
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economictimes.indiatimes.com
Banks seek RBI clarity on leveraged NRI FCNR deposit structures
Indian banks are seeking clarity from the RBI on allowing overseas branches to lend to non-residents for FCNR(B) deposits. Some lenders, like SBI, have already launched structured…
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thehindubusinessline.com
Bankers’ expect RBI to issue detailed FAQs on limited period high interest rate FCNR (B) deposits
Bankers anticipate RBI will release FAQs to clarify regulations and address concerns about high interest FCNR (B) deposits.
