Lending in Foreign Exchange by a Person Resident in India

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Full Text of the Document

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....minated ECL to a borrower outside India in accordance with the provisions contained in Schedule III. ii. An AD may grant loans to its constituents in India for meeting their foreign exchange requirements or for their rupee working capital requirements or capital expenditure subject to compliance with prudential norms, interest rate directives and guidelines, if any, issued by Reserve Bank in thi....