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JC - Legal Updates - Infusion of capital and retention / repatriation / transfer of profits by Indian banks

Legal Updates

08 Dec 2021

Infusion of capital and retention / repatriation / transfer of profits by Indian banks

In order to provide greater operational flexibility, it has been decided that prior Reserve Bank of India approval for: (a) infusion of capital in their overseas branches and subsidiaries; and (b) retention of profits in, and transfer or repatriation of profits from these overseas centres, shall not be required by banks which meet the regulatory capital requirements (including capital buffers).

Instead, the banks shall seek approval of their boards for the same. The notification is applicable to all scheduled commercial banks (other than foreign banks), small finance banks, payment banks and regional rural banks.


For any further information, please contact Mr. Ankit Sinha (ankit.sinha@jclex.com), Mr. Saurabh Sharma (saurabh.sharma@jclex.com), Mr. Sumitava Basu (sumitava.basu@jclex.com) or Ms. Smrithi Nair (smrithi.nair@jclex.com).