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of <h1>Revised ECB Policy: Corporates Under Investigation Now Eligible for Automatic Route Loans; Immediate Effectiveness.</h1> The circular addresses changes to the External Commercial Borrowings (ECB) policy concerning corporates under investigation. Previously, such corporates could not access ECBs under the Automatic route and required Reserve Bank approval. The revised policy now allows all entities, regardless of pending investigations or appeals, to avail ECBs under the Automatic route. Authorized Dealer banks must notify relevant agencies when approving proposals from entities under investigation. The ECB guidelines remain unchanged in other aspects, and the modifications are effective immediately. Amendments to the Foreign Exchange Management Regulations have been issued to reflect these changes.
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