Guarantee requirement: overseas bank guarantees now mandatory for larger foreign-currency loans, strengthening lender security. The Reserve Bank of India amended the borrowing or lending in foreign exchange regulations to require that when a loan exceeds the prescribed threshold, the overseas borrower must furnish a guarantee from a bank of international repute located outside India in favour of the lender, creating a mandatory external bank-guarantee security condition for larger cross-border loans; the amendment is effective on publication in the Official Gazette.