Lending in Indian Rupees by a Person Resident in India

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....rsonal requirements/own business purposes/acquisition of a residential accommodation in India/ acquisition of motor vehicle in India / or for any purpose as per the loan policy laid down by the Board of Directors of the AD and in compliance with prudential guidelines of Reserve Bank of India. The AD bank should ensure that the borrowed funds are not used for restricted end uses. ii) Overd....

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....meaning as assigned to it in Section 2(f) of Government Securities Act, 2006, and the word 'securities' shall be construed accordingly.] ^2[(iv) An AD bank may lend in Indian Rupees to a person resident outside India being a resident in Bhutan, Nepal or Sri Lanka, including a bank in these jurisdictions, for cross border trade transactions.] B. Lending by persons other than ....