Legal Question in Banking Law in India
what is the proceedure for obtaining personal gurantee from a foreign national for a loan in India
Asked on 1/07/16, 11:51 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
08.01.2016
Dear Sir / Madam,
I suggest you check out whether permissible and procedure with two or three local and foreign banks in your vicinity. Please refer to the following RBI Master Circular link :
https://rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=7374#17
Regards,
Answered on 1/08/16, 7:22 am
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