The Reserve Bank of India (RBI) on February 16, 2026, issued the Updated Master Direction - Borrowing and Lending transactions in Indian Rupee between Persons Resident in India and Non-Resident Indians/Persons of Indian Origin.
The following has been stated namely: -
• The Portion regarding the “Persons Resident in India borrowing in INR from NRIs/PIOs” has been deleted which discussed the Available routes for borrowing and the Reporting Requirements.
[Notification No. RBI/FED/2015-16/2]