Author: Abinash Mandilwar
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The ‘Co-Lending ModeL’
RBI issued updated guidelines on ‘Co-Lending Model’ vide his circular FIDD.CO.Plan.BC.No.8/04.09.01/2020-21 in November 05, 2020
In September 2018, the RBI had announced “coorigination of loans” by banks and Non-Banking Financial Companies (NBFCs) for lending to the priority sector.
“The arrangement entailed joint contribution of credit at the facility level by both the lenders as also sharing of risks and rewards”, the RBI said.
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NRO, NRE, FCNR, EEFC & RFC Bank Account for NRI’s
The Reserve Bank of India (RBI) is the regulator of foreign exchange dealings in India. It prohibits, restricts, and regulates the opening, holding and maintaining of foreign currency accounts, and the limits up to which a person resident in India can hold the amount in such accounts. These regulations are known as Foreign Exchange Management (foreign currency accounts by a person resident in India) (FEMA) Regulations, 2015 and contain separate provisions for resident and non-residents.
