Creation of Charge on Immovable Property or financial securities in favour of overseas lender
RBI Master direction on ECB updated as of Sept. 30, 2022, FED Master Direction No. 5/2018-19 specifies that AD that Category I banks are permitted to allow the creation/cancellation of charges on immovable assets, movable assets, financial securities, and the issue of corporate and/or personal guarantees in favour of overseas lender/security trustee, to secure the…