Juris Corp 25 year Logo

Bridging the final gap – FCNR(B)

  • Legal Updates
Bridging the final gap - FCNR(B)

Brief Overview:

FAQs have been released on FCNR(B), ECB and OFCB which inter alia provides clarity on –

1) leveraged FCNR(B) structures

2) RBI forex swap covering ONLY principal, not interest

3) differential rates of interest under FCNR(B)

4) tenor of ECB availed under the RBI swap facility

For further details, please see:

Swap Facility for FCNR (B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings

For any queries/clarifications, please feel free to ping us and we will be happy to chat:


Similar Articles

Compliance Reset Decriminalising Acts and Demanding Discipline

Compliance Reset: Decriminalising Acts and Demanding Discipline

Legal Updates

Bridging the final gap - FCNR(B)

Bridging the final gap – FCNR(B)

Legal Updates

Judging the fraudulent borrower A case study on the Supreme Court's decision in State Bank of India v. Amit Iron Private Limited and Others

Judging the fraudulent borrower: A case study on the Supreme Court’s decision in State Bank of India v. Amit Iron Private Limited and Others

Article

RBI Swap Reporting Requirements

Reporting under RBI Swap Facility

Legal Updates

RBI tightens guardrails against mis-selling by Banks

RBI tightens guardrails against mis-selling by Banks

Legal Updates

Regulating Delegated Insurance: The New MGA Framework in IFSCs

Legal Updates

Indian Listed Equities, etc. Now Open to All Foreign Individuals

Indian Listed Equities, etc.: Now Open to All Foreign Individuals

Legal Updates

Recalibrating the CRR Framework under SA CCR

Recalibrating the CRR Framework under SA CCR

Legal Updates

Return of Swap Windows

Legal Updates

The Crowd Has Spoken: Here’s the 25-Day NIFTY Result!

Tax Relief for FPIs in G-Secs Notified

Legal Updates

Compliance Reset Decriminalising Acts and Demanding Discipline

Compliance Reset: Decriminalising Acts and Demanding Discipline

Legal Updates

Judging the fraudulent borrower A case study on the Supreme Court's decision in State Bank of India v. Amit Iron Private Limited and Others

Judging the fraudulent borrower: A case study on the Supreme Court’s decision in State Bank of India v. Amit Iron Private Limited and Others

Article

RBI Swap Reporting Requirements

Reporting under RBI Swap Facility

Legal Updates

RBI tightens guardrails against mis-selling by Banks

RBI tightens guardrails against mis-selling by Banks

Legal Updates

Subscribe to our Newsletter

Explore

HOME
ABOUT US
KEY PEOPLE
FINANCIAL SERVICES
DISPUTE RESOLUTION & INSOLVENCY
REGULATORY
CORPORATE COMMERCIAL
KNOWLEDGE BANK
CAREERS
CONTACT US

DISCLAIMER

The Bar Council of India prohibits advocates from soliciting work or advertising. By clicking ‘AGREE’ below, the user acknowledges that no solicitation has been made, and this website serves as a resource for general information about Juris Corp at the user’s own risk. The information provided here neither constitutes legal advice nor creates a lawyer-client relationship. The links provided are not endorsements by Juris Corp, and Juris Corp is not responsible for any linked content. Users are advised to seek independent legal advice for any legal issues.
I Understand and Agree
I Disagree