MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification:
RBI/2026-27/03
A.P. (DIR Series) Circular No. 02
April 01, 2026
All Authorised Dealer Category I Banks
Madam / Sir,
Overseas Investment - Submission of References to the Reserve Bank
As you are aware, references pertaining to Overseas Investment received from Persons Resident in India through AD banks are currently processed centrally at Foreign Exchange Department, Central Office of the Reserve Bank. It has now been decided that such references shall be processed at seven Regional Offices of the Reserve Bank as specified in the following paragraph, with effect from April 01, 2026.
2. AD banks, which were hitherto forwarding such references to the Ce...