CAN BANKS IN INDIA, LEND TO PERSON OF FOREIGN ORIGIN, WHO IS WORKING IN INDIA ON THE INDIAN WORK PERMIT ?
Whether Foreign Exchange Management Act of India (FEMA) prohibits a Banks from fluctuating monetary benefit to chairman of unfamiliar start operative in India upon a work assent released by a Ministry of Immigration. If not, underneath a resources can he relief of loan mutually with any tanned national?
Posted on November 18, 2009 at 7:25 pm by admin · Permalink
In: Tips · Tagged with: Banks, Foreign, India., Indian, Lend, Origin, Person, Work, Working
In: Tips · Tagged with: Banks, Foreign, India., Indian, Lend, Origin, Person, Work, Working
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on November 18, 2009 at 7:25 pm
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I suspect banks in India are just as unwilling to lend money as are U.S. banks.
You would have to be a very safe investment for banks to take a chance on you in today’s climate.