RBI MOOTS RATIONALISING NORMS FOR SETTING UP OFFICES BY FOREIGN ENTITIES

The Reserve Bank on Friday proposed to rationalise norms for establishment of a branch or office in the country by entities resident outside India.

- PTI

In this regard, the central bank has issued "Draft Foreign Exchange Management (Establishment in India of a branch or office) Regulations, 2025".

"The draft proposals offer greater operational freedom by shifting from prescriptive to a principle-based framework, which is expected to result in greater operational freedom," the RBI said.