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of <h1>New ECB Rules: Extra $250M Allowed Over 10 Years; $300M Prepayment OK Without RBI Nod. Immediate Effect.</h1> The circular addresses External Commercial Borrowings (ECB) regulations, informing Category-I Authorised Dealer Banks of updates to the Foreign Exchange Management Regulations. Corporates can now avail an additional USD 250 million ECB with a maturity of over 10 years under the approval route, beyond the USD 500 million limit under the automatic route. Prepayment of ECB up to USD 300 million is permitted without prior Reserve Bank approval, subject to maturity compliance. These amendments are effective immediately and subject to review, with further regulatory changes forthcoming. Banks are instructed to inform their clients of these updates.
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