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of <h1>Credit Enhancement Limits: Indian Corporates Restricted on Overseas Guarantees Without RBI Approval Under External Commercial Borrowing Norms</h1> Corporate entities registered in India are restricted from obtaining credit enhancement through overseas guarantees from international banks, financial institutions, or joint venture partners without prior Reserve Bank approval. However, eligible entities can obtain credit enhancement for domestic debt raised through capital market instruments like bonds and debentures from non-resident entities, subject to Reserve Bank's stipulated terms and conditions.
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