External Commercial Borrowings prepayment limit increased, permitting prepayment without prior central bank approval subject to minimum maturity. AD Category I banks may permit prepayment of External Commercial Borrowings up to an enhanced threshold without prior Reserve Bank approval, subject to compliance with the applicable minimum average maturity; the amendment is effective immediately, subject to review, and consequential FEMA amendments will follow.
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Provisions expressly mentioned in the judgment/order text.
External Commercial Borrowings prepayment limit increased, permitting prepayment without prior central bank approval subject to minimum maturity.
AD Category I banks may permit prepayment of External Commercial Borrowings up to an enhanced threshold without prior Reserve Bank approval, subject to compliance with the applicable minimum average maturity; the amendment is effective immediately, subject to review, and consequential FEMA amendments will follow.
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