{"id":1301362,"date":"2025-10-15T08:14:56","date_gmt":"2025-10-15T02:44:56","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1301362"},"modified":"2025-10-15T08:15:26","modified_gmt":"2025-10-15T02:45:26","slug":"banks-can-now-offer-rupee-loans-in-bhutan-sri-lanka-nepal","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/banks-can-now-offer-rupee-loans-in-bhutan-sri-lanka-nepal\/","title":{"rendered":"Banks Can Now Offer Rupee-Loans In Bhutan, Sri Lanka, Nepal"},"content":{"rendered":"\n<p>This Monday, the Reserve Bank of India (RBI) on Monday allowed Indian banks and their overseas branches to extend rupee-denominated loans to persons who are&nbsp; residing in the countries including Bhutan, Nepal, and Sri Lanka in a latest move aimed at strengthening regional trade and payment systems.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/10\/Rs2000-Notes-Opt-1280x720-1024x576-1-1280x720-1024x576-1024x576-2.jpeg\" alt=\"Banks Can Now Offer Rupee-Loans In Bhutan, Sri Lanka, Nepal\" class=\"wp-image-1301375\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/10\/Rs2000-Notes-Opt-1280x720-1024x576-1-1280x720-1024x576-1024x576-2.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/10\/Rs2000-Notes-Opt-1280x720-1024x576-1-1280x720-1024x576-1024x576-2-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/10\/Rs2000-Notes-Opt-1280x720-1024x576-1-1280x720-1024x576-1024x576-2-768x432.jpeg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>RBI Announced Cross-border Trade Transactions<\/strong><\/p>\n\n\n\n<p>As per this latest development, the 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.<\/p>\n\n\n\n<p>Moving ahead, the central bank of the country explained that this step was taken to facilitate cross-border trade transactions.<\/p>\n\n\n\n<p>Further explaining that this is part of its ongoing efforts to ease external trade and payment mechanisms, as per the media <a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/regional-trade-push-rbi-allows-rupee-credit-to-bhutan-nepal-and-sri-lanka-extends-forex-repatriation-window\/articleshow\/124532224.cms\">report<\/a>.<\/p>\n\n\n\n<p>These amendments have been made to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 and the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2015 as informed by the regulatory body.<\/p>\n\n\n\n<p>Moreover, RBI said, \u201cAD (authorised dealer) banks in India and their overseas branches have been permitted to lend in Indian Rupees to persons resident in Bhutan, Nepal, and Sri Lanka, including banks in these jurisdictions, to facilitate cross-border trade transactions,\u201d in a statement.<\/p>\n\n\n\n<p><strong>Ease In Norms For Indian Exporters Holding Foreign Currency Accounts Abroad<\/strong><\/p>\n\n\n\n<p>Besides this, RBI has also eased norms for Indian exporters holding foreign currency accounts abroad.&nbsp;<\/p>\n\n\n\n<p>Prior to arrangement, exporters were required to repatriate unutilised balances in such accounts by the end of the month following the date of realisation.<\/p>\n\n\n\n<p>Now, they have decided that \u201cthe period for repatriation shall be extended up to three months, in case of foreign currency accounts maintained with a bank in the IFSC in India,\u201d the RBI noted.<\/p>\n\n\n\n<p>This announcement appears to align with the policy statement made by the RBI on October 1 during the bi-monthly monetary policy review.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This Monday, the Reserve Bank of India (RBI) on Monday allowed Indian banks and their overseas branches to extend rupee-denominated loans to persons who are&nbsp; residing in the countries including Bhutan, Nepal, and Sri Lanka in a latest move aimed at strengthening regional trade and payment systems. RBI Announced Cross-border Trade Transactions As per this [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1301375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[204],"class_list":["post-1301362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-loans"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Banks Can Now Offer Rupee-Loans In Bhutan, Sri Lanka, Nepal - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/banks-can-now-offer-rupee-loans-in-bhutan-sri-lanka-nepal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks Can Now Offer Rupee-Loans In Bhutan, Sri Lanka, Nepal - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"This Monday, the Reserve Bank of India (RBI) on Monday allowed Indian banks and their overseas branches to extend rupee-denominated loans to persons who are&nbsp; residing in the countries including Bhutan, Nepal, and Sri Lanka in a latest move aimed at strengthening regional trade and payment systems. 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