Banks can borrow from global institutions without RBI nod

MUMBAI (Reuters) - The Reserve Bank of India said on Thursday it would allow banks to borrow from global multilateral financial institutions for general banking business without seeking the central bank's approval in a bid to make the funding process easier.

For the full text of the circular, please see -- http://bit.ly/1di1sIp

(Reporting by Neha Dasgupta; Editing by Prateek Chatterjee)