Tag Archives: NRI Guarantee

Borrowing in Rupees on basis of guarantee issued by NRI

By | August 14, 2015

Borrowing in Rupees on basis of guarantee issued by NRI Question : Can the Person resident outside India gave guarantee of a loan  taken in Indian currency by resident in India from another  person resident in India ? A person resident in India can borrow in Indian rupees from another person resident in India. Such loan can be guaranteed by a… Read More »