FOREIGN EXCHANGE MANAGEMENT (BORROWING AND LENDING IN RUPEES) REGULATIONS, 2000Foreign Exchange Management (Borrowing And Lending In Rupees) Regulations, 2000
FOREIGN EXCHANGE MANAGEMENT (BORROWING AND LENDING IN RUPEES) REGULATIONS, 2000Foreign Exchange Management (Borrowing And Lending In Rupees) Regulations, 2000
Continuance of rupee loan to a non-resident permitted subject to lender's commercial judgement and specified repayment channels. Authorised dealers or authorised banks may permit continuance of a Rupee loan or overdraft when the borrower becomes resident outside India if satisfied ... Summary
Continuance of rupee loan to a non-resident permitted subject to lender's commercial judgement and specified repayment channels.
Authorised dealers or authorised banks may permit continuance of a Rupee loan or overdraft when the borrower becomes resident outside India if satisfied on commercial grounds; the continuance cannot exceed the originally fixed loan period; repayments while the borrower remains non-resident must be by inward remittance through normal banking channels or from the borrower's non-resident accounts (NRE/FCNR/NRO/NRNR/NRSR).
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