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of <h1>RBI foreign exchange guarantee rules for cross-border parties: banks must use Form GRN reporting; prior circulars superseded, trade credit reporting ends.</h1> RBI's Foreign Exchange Management (Guarantees) Regulations, 2026 are to be followed by Authorised Dealer Category I banks while facilitating any guarantee in which any party is a person resident outside India, requiring banks to process such transactions in accordance with the new regulatory framework and applicable Department of Regulation guidelines. The Regulations mandate comprehensive reporting of all guarantees issued, modified or invoked to the authorised dealer bank in Form GRN, with the compilation and submission format for returns to be separately prescribed, thereby standardising guarantee reporting. Specified earlier A.P. (DIR Series) circulars are superseded (saving past actions), quarterly reporting of guarantees for Trade Credit is discontinued from the quarter ending March 2026, and guarantee-related provisions in identified Master Directions are amended, aligning those instruments with the new regime.
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