External Commercial Borrowings rules: framework for eligible borrowers, recognised lenders, maturities, end uses and cost ceilings governing cross border corporate borrowing. The Master Circular sets out the consolidated framework for External Commercial Borrowings, specifying the Automatic and Approval routes, categories of eligible borrowers and recognised lenders, minimum average maturities and corresponding all in cost ceilings, permitted and prohibited end uses, security and guarantee conditions, procedures for Loan Registration Numbers, reporting obligations for Authorised Dealer banks, and special schemes for FCCBs, FCEBs, take out finance, spectrum refinance and low cost affordable housing, with primary compliance responsibility on borrowers and delegated procedural powers to AD Category I banks.
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Provisions expressly mentioned in the judgment/order text.
External Commercial Borrowings rules: framework for eligible borrowers, recognised lenders, maturities, end uses and cost ceilings governing cross border corporate borrowing.
The Master Circular sets out the consolidated framework for External Commercial Borrowings, specifying the Automatic and Approval routes, categories of eligible borrowers and recognised lenders, minimum average maturities and corresponding all in cost ceilings, permitted and prohibited end uses, security and guarantee conditions, procedures for Loan Registration Numbers, reporting obligations for Authorised Dealer banks, and special schemes for FCCBs, FCEBs, take out finance, spectrum refinance and low cost affordable housing, with primary compliance responsibility on borrowers and delegated procedural powers to AD Category I banks.
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