Can oci residing in india borrow rs from resident indian

Querist : Anonymous (Querist) 28 October 2022 This query is : Resolved
The Reserve Bank of India's guidelines in this regard are a bit confusing and have changed over the years. I need a definite answer if such a transaction is allowed or if RBI permission is required.
I am willing to pay for a detail answer with specific authority cited. There is no litigation or anything of that kind so I am not looking for any judgment but rather some authoritative explanation from the RBI. The following links provide conflicting information. The facts in my case are that both the OCI and the Indian citizen are residing in India which is not covered in the links below:

http://www.legalservicesindia.com/article/2562/Borrowing-And-Lending-Money-By-Residents-of-India-To-NRI.html
https://rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=11441
https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10191#C13

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kavksatyanarayana (Expert) 29 October 2022
You know the link. So take a copy and show it to a local lawyer or legal adviser of the bank instead of posting academic queries.

Sri Vijayan.A (Expert) 03 November 2022
If you have any problem tell precisely and specifically.
You may get clear and exclusive answers.

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