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Can NRIs obtain loans abroad against the collateral of shares / debentures of Indian companies?

April 26, 2017abroad collateral companies debentures indian Loans NRIs obtain Shares

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Can NRIs obtain loans abroad against the collateral of shares / debentures of Indian companies?

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Yes. Authorised dealer have been permitted to grant loans/overdrafts abroad to NRIs through their overseas branches and correspondents against collateral of the shares / debentures of Indian companies held by them, provided the concerned shares / debentures were acquired on repatriation basis.