RBI has allowed banks to borrow from Global Institutions.
- June 26, 2015
RBI has Eased norms for accessing foreign funds.These norms had been updated on 25th June 2015 and they allowed banks to borrow from international financial institutions for general banking business without seeking its permission. The banks are allowed to borrow from international/multilateral financial institutions without approaching Reserve Bank for approval. The flexibility has been provided for international/ multilateral financial