CORPORATES
- Can issue or invest in foreign currency-denominated bounds without ceiling
- Can transfer financial capital abroad up to $100,000 a year
- Do not need any government approval to raise money from capital markets abroad
- Can invest in joint ventures and subsidiaries abroad up to $50 million
- Can set up offices abroad without RBI approval
BANKS
- Can accept and extend foreign currency-denominated loans>
- Can operate freely in the domestic and international gold market
- Can invest in overseas money markets, mutual funds and securities subject to conditions
INDIVIDUALS
- Can make foreign currency deposits with banks or corporates in India>
- Can transfer financial capital abroad up to $100,000 a year
- Can borrow up to $1 million from NRIs at rates not exceeding LIBOR with no end-use restrictions
