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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>New ECB Policy: Infrastructure Finance and SPVs Recognized as Financial Institutions, Immediate Changes for Textile Sector Expansion.</h1> The circular addresses modifications to the External Commercial Borrowings (ECB) policy under the Approval Route. Financial institutions focused on infrastructure or export finance will continue to have their ECB proposals reviewed on a case-by-case basis. Special Purpose Vehicles (SPVs) and entities financing infrastructure projects will also be considered financial institutions for ECB purposes. Additionally, banks can issue guarantees and similar instruments for ECBs by textile companies aiming for modernization or expansion, subject to prudential norms. These changes are effective immediately, with necessary amendments to related regulations forthcoming. Authorized Dealer banks are instructed to inform their clients of these updates.