Free Demo

Issue of Rupee Denominated Bonds overseas

RBI/2016-17/108
DBR.BP.BC.No.28 /21.06.001/2016-17

November 03, 2016

All Scheduled Commercial Banks
(Excluding Regional Rural Banks)

Dear Sir,

Issue of Rupee Denominated Bonds overseas

Please refer to A.P. (DIR Series) Circular No.14 dated November 03, 2016 on issue of rupee denominated bonds overseas by Indian banks.

2. We advise that banks are permitted to raise funds through issuance of rupee denominated bonds overseas for the following purposes:

·         Perpetual Debt Instruments (PDI) qualifying for inclusion as Additional Tier 1 capital under the extant Basel III Capital Regulations prescribed vide circular Ref. DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015, as amended from time to time;

·         Debt capital instruments qualifying for inclusion as Tier 2 capital under the extant Basel III Capital Regulations prescribed vide circular Ref. DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 as amended from time to time;

·         Financing of infrastructure and affordable housing in terms of instructions contained in circular Ref. DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014 on Issue of Long Term Bonds by Banks - Financing of Infrastructure and Affordable Housing, as amended from time to time.

3. The issuances as above shall be subject to all applicable prudential norms and FEMA guidelines.

Yours faithfully

(Ajay Kumar Choudhary)
Chief General Manager

 

High-volume of Loyal and Trusted Customers!

We feel proud in offering export-import data information services to our respected clients.

Obtain a free import-export sample report on desired products.

We do not provide any assistance directly in selling or Buying any product.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Top