https://www.taxtmi.com/acts?id=33727 Foreign exchange lending permits an AD in India or its overseas branch, and other eligible resident entities, to extend foreign currency-denominated external commercial lending to overseas borrowers under Schedule III. ADs may lend to Indian constituents for foreign exchange needs, rupee working capital, and capital expenditure, subject to prudential norms, interest-rate directives, and Reserve Bank guidelines. Overseas AD branches may lend against security of specified NRE, FCNR, or other permitted deposit accounts. en-us Sat, 22 Dec 2018 13:34:03 +0530 Tue, 08 Sep 2026 12:11:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33727 Foreign exchange lending permits an AD in India or its overseas branch, and other eligible resident entities, to extend foreign currency-denominated external commercial lending to overseas borrowers under Schedule III. ADs may lend to Indian constituents for foreign exchange needs, rupee working capital, and capital expenditure, subject to prudential norms, interest-rate directives, and Reserve Bank guidelines. Overseas AD branches may lend against security of specified NRE, FCNR, or other permitted deposit accounts. Act-Rules FEMA Sat, 22 Dec 2018 13:34:03 +0530 https://www.taxtmi.com/acts?id=33727