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of <h1>Indian residents can extend foreign currency loans to overseas borrowers under Regulation 5 guidelines and Schedule III provisions.</h1> Regulation 5 of the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 governs foreign exchange lending by Indian residents. Authorized Dealers in India and their overseas branches may extend foreign currency loans to overseas borrowers per Schedule III provisions, grant loans to Indian constituents for foreign exchange or working capital needs subject to Reserve Bank guidelines, and provide inter-dealer loans. Overseas branches can lend against NRE/FCNR deposits. Other eligible resident entities may also extend foreign currency loans to overseas borrowers following Schedule III requirements.
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