MANU/APDR/0022/2021

Ministry : Reserve Bank of India

Department/Board : Financial Markets Regulation Department

Circular No. : A. P. (DIR Series) Circular No. 16
                   RBI/2021-2022/120

Date : 08.11.2021

Notification/ Circulars Referred : Notification No. FEMA.396/2019-RB dated October 17, 2019 MANU/RFEM/0013/2019;A.P. (DIR Series) Circular No. 31 dated June 15, 2018 MANU/APDR/0017/2018;A.P. (DIR Series) Circular No. 34 dated May 24, 2019 MANU/APDR/0018/2019

Subject: Banking

Industry: Finance

Citing Reference:
Notification No. FEMA.396/2019-RB dated October 17, 2019 MANU/RFEM/0013/2019  Referred

A.P. (DIR Series) Circular No. 31 dated June 15, 2018 MANU/APDR/0017/2018  Referred

A.P. (DIR Series) Circular No. 34 dated May 24, 2019 MANU/APDR/0018/2019  Referred

To

All Authorised Persons

Madam / Sir

Investment by Foreign Portfolio Investors (FPIs) in Debt

Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification No. FEMA.396/2019-RB dated October 17, 2019, as amended from time to time and the relevant Directions issued thereunder.

2. A reference is also invited to the following Directions issued by the Reserve Bank:

a. A.P. (DIR Series) Circular No. 31 dated June 15, 2018, as amended from time to time; and