Lending to borrowers outside India by a person resident in India [See Regulations 5(A)(i), 5(B)]

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Full Text of the Document

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....borrowers outside India in accordance with the provisions contained in this Schedule. 1. An AD in India may extend External Commercial Lending (ECL) in foreign exchange to a foreign entity in which an Indian entity has made overseas direct investment in accordance with Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004, as amended from time to time. 2. Fore....