India - Foreign Exchange Snapshots.

Legal News & Analysis – Asia Pacific - India - FDI - Capital Markets

4 August, 2020

 

 

  • Revision of FPI Investment Limits in Government Securities

    Reserve Bank of India (‘RBI’) has by its Circular dated April 15, 2020, revised the investment limits for foreign portfolio investors (‘FPIs’) in Government Securities (‘G-secs’) for the financial year (‘FY’) 2020-2021...

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  • Relaxation of Time Limits for Debt Investments under Voluntary Retention Route by FPIs

    The Circular dated May 24, 2019, issued by the RBI required FPIs to invest at least 75% of their committed portfolio size (‘CPS’) under the Voluntary Retention Route (VRR) within 3 months from the date of allotment of the CPS...

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  • Changes in FDI Regime to Curb Opportunistic Takeovers from Neighbouring Countries

    The Government has issued Press Note 3 (2020 Series) dated April 17, 2020 for review of Foreign Direct Investment (‘FDI’) Policy prescribing that any foreign investment by or from an entity of any country which shares its land border with India...

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  • RBI’s Discussion Paper on Governance in Commercial Banks

    RBI has on June 11, 2020 released a discussion paper on governance of private sector banks in India, which deals with overall responsibility of the board of directors, qualification and selection of board members, composition of the board of director and its committees...

 

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  • Other Key Developments

    Please refer to our Client Alert May 12, 2020 (accessible on our website here) for details regarding the amendments made to the NDI Rules on April 27, 2020...

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For further information, please contact:

 

Zia Mody, Partner, AZB & Partners

zia.mody@azbpartners.com