Page 51 - BANKING FINANCE November 2018

B U A

shall ut in lace a ra e ork or authori ation o he a oresaid Master Direction o dated anuar
electronic trading lat or s s or inancial arket is eing u dated to re lect the a o e changes
instru ents regulated the ank he directions contained in this circular ha e een
he dra t directions ere released or u lic issued under section and o the oreign
co ents on cto er ased on the eed ack change Manage ent ct o and are
recei ed the directions ha e een inali ed he ithout rejudice to er issions a ro als i an
Directions are enclosed here ith re uired under an other la

ours aith ull ours aith ull
Ra an a a u a s a
Chie eneral Manager Chie eneral Manager in Charge

an n o ot ona a a e uest ons ns
ernal Co er ial orrowin C
can not e clai ed ro ank
oli i erali a ion trans er o ro ert act
R 0 0 5 nglish ortgage
surrender alue
cto er
Rs
ttention o uthori ed Dealer Categor D the sa e ank onl
Categor anks is in ited to aragra hs ithin onths o recei t o docu ent in ndia
and o Master Direction o dated anuar usance ills
on ternal Co ercial orro ings rade Credit
ledge o o ea le ro ert
orro ing and ending in oreign Currenc
ithin hrs
uthorised Dealers and ersons other than uthorised
da s to ear
Dealers as a ended ro ti e to ti e
residents onl
nder the e tant olic C can e raised under tracks e can not o en as the account is to e o ened
and or orking ca ital ur oses i such C is onl
raised ro direct and indirect e uit holders or ro Delete the na e o and allo the account to
a grou co an ro ided the loan is or a ini u continue as R account or redesignate the
a erage aturit o ears t has een decided in account as R C i eligi le account at the o tion
consultation ith the o ern ent o ndia to li eralise o the account holders
the said ro ision and er it u lic sector il re atriate onl in the na e o account holder
Marketing Co anies MCs to raise C or orking i s eci ied ut can not ake a ent o gi ts
ca ital ur oses ith ini u a erage aturit or a ent alance in the R C R accounts
eriod o ears ro all recogni ed lenders under the deceased account holder to the non resident
the auto atic route no inee along ith other docu ents
urther the indi idual li it o SD illion or RS or a o e
e ui alent and andator hedging re uire ents as er ou ill ask or CD or e ore acce ting it
the C ra e ork ha e also een ai ed or S ho e er he should declare in CD i the
orro ings under this dis ensation o e er MCs a ount e ceeds SD or its e ui alent and
should ha e a oard a ro ed ore ark to arket or the oreign currenc notes do not e ceed SD
rocedure and rudent risk anage ent olic or or its e i alent
such C s no int is a a le
cash recei t cash a ent Rs lakhs or a o e
he o erall ceiling or such C s shall e SD illion
in de osits accounts including CC D
e ui alent and the said acilit ill co e into e ect
to
ro the date o this Circular ll other ro isions o
all the a o e
the C olic shall re ain unchanged D Categor
anks should ring the contents o this circular to the not e ceeding lakhs
notice o their constituents and custo ers D

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