Stay abreast with the latest developments in the professional domain along with in-depth analysis through the monthly BCA Journal. Get access to an engaging library of researched publications from the BCAS stable.
Learn MoreExplore past issues of BCA Journal & indulge in a treasure trove of high-quality professional content across format of print, videos & learning events from the BCAS stable.
Learn More
This Circular has modified the said policy and banks can now, subject to the prudential/interestrate norms, credit discipline and credit monitoring guidelines in force, use funds in FCNR(B) accounts with them for making loans to resident customers for meeting:
(i) their foreign exchange requirements or
(ii) for the Rupee working capital/capital expenditure needs of exporters/corporates who have a natural hedge or a risk management policy for managing the exchange risk.
