All-in-cost ceiling for external commercial borrowings remains in force and AD banks must notify customers accordingly. The circular maintains the all-in-cost ceiling for External Commercial Borrowings as previously specified, extends its applicability until the designated review date, leaves all other ECB policy provisions unchanged, directs Authorized Dealer Category I banks to inform constituents and customers, and issues the directions under Sections 10(4) and 11(1) of the Foreign Exchange Management Act without prejudice to other legal permissions.
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Provisions expressly mentioned in the judgment/order text.
All-in-cost ceiling for external commercial borrowings remains in force and AD banks must notify customers accordingly.
The circular maintains the all-in-cost ceiling for External Commercial Borrowings as previously specified, extends its applicability until the designated review date, leaves all other ECB policy provisions unchanged, directs Authorized Dealer Category I banks to inform constituents and customers, and issues the directions under Sections 10(4) and 11(1) of the Foreign Exchange Management Act without prejudice to other legal permissions.
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