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The Reserve Bank of India amends the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018. An Authorised Dealer bank lends in Indian Rupees to a person resident outside India who is a resident in Bhutan, Nepal or Sri Lanka. This rule includes a bank in these jurisdictions. The lending applies only for cross border trade transactions. The regulations come into force on the date of notification in the official gazette.
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RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001
Notification No. FEMA 3(R)(4)/2025-RB
October 06, 2025
Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2025
In exercise of the powers conferred by sub-section (2) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (Notification No. FEMA.3(R)/2018-RB dated December 17, 2018) (hereinafter referred to as 'the Principal Regulations'), namely:
(Dr. Aditya Gaiha) Chief General Manager-in-Charge
Footnote: The Principal Regulations were published in the Official Gazette vide G.S.R.No.1213(E) dated December 17, 2018, in Part II, Section 3, sub-Section (i) and subsequently amended vide the following, namely; Notification G.S.R No.163(E) dated 26.02.2019 Notification No. FEMA.3(R)2/2021-RB 24.05.2021 Notification No. FEMA.3(R)(3)/2022-RB dated 28.07.2022
