MOHALI NRI
India's foreign exchange rules start from a ban on lending rupees to anyone living abroad. They then let banks and registered housing finance companies lend to NRIs and OCI cardholders buying a home in India. The RBI direction puts the loan on the same yardsticks as a resident's and keeps it out of NRE and FCNR account…
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19 Oct 2026 · 23:00
· Mohali Aerotropolis Editorial
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