The Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2025, amend the 2018 principal regulations to permit Authorised Dealer (AD) banks in India to lend in Indian Rupees to persons resident outside India who are residents of Bhutan, Nepal, or Sri Lanka including banks in these jurisdictions for the purpose of cross-border trade transactions.
Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12915&Mode=0
