RBI notifies Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026 to streamline ECB framework and enhanced ease of funding

In brief

On 9 February 2026, the Reserve Bank of India (RBI) notified the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026¹ (Amended Regulations or Amended Framework) to amend the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 and Master Direction – External Commercial Borrowings, Trade Credits and Structured Obligations (Principal Regulations). The Amended Regulations will come into effect from the date of their publication in the Official Gazette (i.e. 16 February 2026).