RBI: INR Loans & FX Repayment Extension

  Published 5 months ago

RBI amends rules, permitting AD banks to lend INR abroad and extending the repatriation deadline period.

  • AD banks can now provide Indian‑rupee loans to Bhutan, Nepal, and Sri Lanka entities, including.
  • The amendment also covers lending to banks situated within those neighboring countries for trade facilitation.
  • Unutilized foreign‑currency balances in IFSC accounts must be repatriated within three months of export proceeds.

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