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Issuance of Rupee denominated bonds overseas by Indian banks

Issuance of Rupee denominated bonds overseas by Indian banks

Notification dated 03.11.2016

Authorised Dealer Category – I Indian Banks which are overseas are permitted to issue Rupee Denominated Bonds for the purpose of capital requirements and financial infrastructure. This is in view of developing the market for Rupee Denominated Bonds overseas and also doubling as a source of additional revenue for Indian Banks overseas to raise capital.

 

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