RBI Master Direction: Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) in India by foreign entities

General criteria Applications from foreign companies (a body corporate incorporated outside India, including a firm or other association of individuals) for establishing BO/ LO/ PO in India shall be considered by the AD Category-I bank as per the guidelines given by Reserve Bank of India (RBI). If the principal business of the entity resident outside India…

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