SC: Daily-Wage Status Cannot Deny Annual Increment After Regularisation || SC: Exam Marks Cannot Substitute Mandatory Qualification under Recruitment Rules || SC: Converting Civil Disputes Into Criminal Cases is a Widespread Practice || Kerala High Court Sets Aside KAAPA Preventive Detention Order Against BJP Councillor R Suguthan || Bombay High Court Punishes Two Lawyers for Contempt over Threats to Trial Judge || MP HC Plea Challenges Municipal Law Over Simhastha Kumbh Road Widening and Compensation || Calcutta High Court Orders DNA Tests to Ascertain Biological Identity in Alleged Baby-Swap Case || Bombay HC Confiscates Man's Phone for Filming Proceedings, Levies Rs. 10,000 Costs || Bombay HC: Accused Must Be Produced Before Court on Plea to Extend Investigation Period || Delhi High Court Directs Criminal Complaint Against Six CBI Officers for False Statement in Court

Investment by Foreign Portfolio Investors in Corporate Bonds- (Reserve Bank of India) (26 Nov 2015)

MANU/APDR/0090/2015

Banking

The Reserve Bank of India has permitted Foreign Portfolio Investors to acquire NCDs/bonds which are under partial or full default of repayment of principal. The revised maturity period of such instruments, restructured on negotiation, should be three years or more. However, investment will be limited to the overall limit prescribed for corporate debt, and existing conditions for investment by FPIs will apply.

Relevant : Foreign investment in India by Foreign Portfolio Investors MANU/APDR/0017/2015

Tags : FOREIGN PORTFOLIO INVESTORS CORPORATE BONDS DEFAULT

Share :