{"id":347694,"date":"2025-05-13T18:30:42","date_gmt":"2025-05-13T13:00:42","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=347694"},"modified":"2025-05-13T17:59:32","modified_gmt":"2025-05-13T12:29:32","slug":"rbi-relaxes-requirement-for-investment-by-fpis-in-corporate-debt-securities","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/05\/13\/rbi-relaxes-requirement-for-investment-by-fpis-in-corporate-debt-securities\/","title":{"rendered":"RBI relaxes requirement for investment by FPIs in Corporate Debt Securities"},"content":{"rendered":"
\n

On 8-5-2025, the Reserve Bank of India<\/span> issued a notification regarding relaxations in corporate debt securities through General Route<\/span> withdrawing the requirements for investment by Foreign Portfolio Investors in Corporate Debt Securities.<\/p>\n

“This landmark agreement marks a significant step in reducing trade barriers between the world’s fifth and sixth largest economies. It stands as a testament to the dedicated efforts of both the Government of India and the Government of the UK, achieved after nearly four years of negotiations.”<\/span> – Manisha Shroff, Partner at Khaitan & Co.<\/span><\/p>\n

Key points:<\/h3>\n
    \n
  1. \n

    Reserve Bank of India (‘RBI’) issued the Master Directions- RBI (Non- resident Investment in Debt Instruments) Directions, 2025<\/span> on 7-1-2025 applicable to all transactions by eligible non- residents in debt instruments.<\/p>\n<\/li>\n

  2. \n

    The relaxation has withdrawn the requirement for investments by Foreign Portfolio Investors (‘FPIs’)<\/span> in Corporate Debt Securities to comply with the short-term investment limit and the concentration limit.<\/p>\n<\/li>\n

  3. \n

    Earlier, the provision relating to “Short- term investment limit” laid down that:<\/p>\n

      \n
    • \n

      for Investment by an FPI in corporate debt securities with residual maturity up to 1 year will not exceed 30% of the total investment of the FPI in corporate debt securities;<\/p>\n<\/li>\n

    • \n

      Short-term investment limit will apply on investments on an end-of-day basis;<\/p>\n<\/li>\n

    • \n

      The limit would not apply:<\/p>\n

        \n
      • \n

        If the short-term investments of an FPI consist entirely of investments made on or before April 27, 2018;<\/p>\n<\/li>\n

      • \n

        To investments by FPIs made between July 08, 2022, and October 31, 2022 (both dates included).<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n

      • \n

        Earlier, the provision relating to Concentration limit lad down that<\/span> investment in corporate debt securities by an FPI will not exceed 15% of the prevailing limit for these securities in case of long-term FPIs and 10% of prevailing investment limit for other FPIs.<\/p>\n<\/li>\n<\/ol>\n

        “The substantial duty reductions across various tariff lines are expected to enhance market access and foster long-term economic benefits for both nations. Moving forward, the emphasis should be on implementing best practices and adopting a phased approach to further strengthen and deepen trade relations”<\/span> – Manisha Shroff, Partner at Khaitan & Co.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

        This relaxation will help in complying with short- term investment limit and concentration limit.<\/p>\n","protected":false},"author":67515,"featured_media":323058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[81998,66805,81999,2611,80904],"class_list":["post-347694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications","tag-corporatedebtsecurities","tag-fpis","tag-masterdirection","tag-RBI","tag-reservebankofindia"],"yoast_head":"\nInvestment by FPIs in Corporate Debt Securities | SCC Times<\/title>\n<meta name=\"description\" content=\"RBI issued a notification regarding relaxations in corporate debt securities through General Route withdrawing the requirements for investment by Foreign Portfolio Investors in Corporate Debt Securities.\" 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