Guidelines for Financial Intermediaries offering special schemes, protection under the Scheme.44.Are intermediaries expected to seek specific approval for making overseas investments available to clients?

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Guidelines for Financial Intermediaries offering special schemes, protection under the Scheme.44.Are intermediaries expected to seek specific approval for making overseas investments available to clients?

April 26, 2017financial guidelines Intermediaries offering Schemes seek special

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Guidelines for Financial Intermediaries offering special schemes, protection under the Scheme.44.Are intermediaries expected to seek specific approval for making overseas investments available to clients?

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score 0 · Answer 1 · 2009-12-20T08:30:00+00:00

Banks including those not having operational presence in India are required to obtain prior approval from Reserve Bank for soliciting deposits for their foreign/overseas branches or for acting as agents for overseas mutual funds or any other foreign financial services company.

Guidelines for Financial Intermediaries offering special schemes, protection under the Scheme.44.Are intermediaries expected to seek specific approval for making overseas investments available to clients?

1 Answer

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