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RBI opens rupee lending to neighbours

Mint Hyderabad

|

October 14, 2025

Banks in India and their overseas branches have been permitted to lend in Indian rupees to persons resident in Bhutan, Nepal, and Sri Lanka to facilitate cross-border trade transactions, the Reserve Bank of India (RBI) said on Monday.

- PTI

The RBI said amendments have been made to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 and Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015, as part of continuous efforts

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