{"id":4639,"date":"2026-02-22T16:31:13","date_gmt":"2026-02-22T16:31:13","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=4639"},"modified":"2026-02-22T16:31:14","modified_gmt":"2026-02-22T16:31:14","slug":"rbi-circular-221-2026-dated-16-02-2026-amendments-to-fema-borrowing-and-lending-regulations","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/02\/22\/rbi-circular-221-2026-dated-16-02-2026-amendments-to-fema-borrowing-and-lending-regulations\/","title":{"rendered":"RBI Circular 221\/2026 Dated 16\/02\/2026 &#8211; Amendments to FEMA Borrowing and Lending Regulations\u00a0"},"content":{"rendered":"\n<p>The amendments pertain to changes in the External Commercial Borrowing (ECB) framework. The updated Regulations consolidate provisions relating to ECB and borrowing in Indian Rupees by persons resident in India, from existing master directions. Consequently, specified paragraphs of the Master Direction on External Commercial Borrowings, Trade Credits and Structured Obligations, the Master Direction on INR borrowing between residents and non-residents, and Part I of the FAQs on ECB and Trade Credits have been deleted.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/rbidocs.rbi.org.in\/rdocs\/Notification\/PDFs\/22APDIR160220265A80967793994EF9850D8E35EDDF7D45.PDF\"><em>(Link:&nbsp;RBI Circular&nbsp;221\/2026 Dated 16\/02\/2026)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The amendments pertain to changes in the External Commercial Borrowing (ECB) framework. The updated Regulations consolidate provisions relating to ECB [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[72,77],"tags":[],"class_list":["post-4639","post","type-post","status-publish","format-standard","hentry","category-rbi","category-circulars-rbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI Circular 221\/2026 Dated 16\/02\/2026 - Amendments to FEMA Borrowing and Lending Regulations\u00a0 - Bhatia Bhola &amp; Associates LLP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/02\/22\/rbi-circular-221-2026-dated-16-02-2026-amendments-to-fema-borrowing-and-lending-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI Circular 221\/2026 Dated 16\/02\/2026 - Amendments to FEMA Borrowing and Lending Regulations\u00a0 - Bhatia Bhola &amp; Associates LLP\" \/>\n<meta property=\"og:description\" content=\"The amendments pertain to changes in the External Commercial Borrowing (ECB) framework. 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