At present, foreign portfolio investors (FPIs) registered with the Securities and Exchange Board of India (Sebi) are allowed to invest in sovereign green bonds under the various routes available for FPI investment in government bonds.
FCNR(B) scheme has bought India 3-5 years, but $170 billion repayment cliff looms: Uday Kotak
Uday Kotak has described India’s $130-billion-plus FCNR(B) mobilisation as a “strong insurance policy” against global shocks, but warned that repayments including interest could reach $160-170