India imposes new rules on overseas debt raising

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India imposes new rules on overseas debt raising

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Location India. Blue pin on the map. | Mark Rubens/Zerophoto - Fotolia

Reserve Bank of India has issued a new framework to regulate offshore borrowing by Indian companies. While the changes are aimed at reducing the stress in the country’s banking system, the rules have led to bankers questioning how they will adjust to the new regime. Shruti Chaturvedi reports.

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