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    <title>Draft Foreign Exchange Management (Establishment in India of a branch or office) Regulations, 2025</title>
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    <description>The Reserve Bank&#039;s draft 2025 regulations replace the 2016 regime by relaxing eligibility criteria for establishing branches, liaison, project or other places of business in India, and by moving to a principle-based framework to provide greater operational freedom. The draft further simplifies the closure process for non-compliant and inactive branches or offices and invites stakeholder comments via the &#039;Connect 2 Regulate&#039; portal or email by October 24, 2025.</description>
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