External Commercial Borrowings all-in-cost relaxation extended under approval route, with other ECB conditions unchanged and effective immediately. All-in-cost ceilings for External Commercial Borrowings accessed under the approval route are temporarily dispensed with, permitting eligible borrowers to seek Reserve Bank approval for ECBs beyond prescribed cost ceilings; this relaxation is effective immediately and subject to review at the end of the extension. All other ECB parameters, including Automatic Route limits, eligible borrower and recognised lender criteria, end-use, maturity, prepayment, refinancing and reporting requirements, remain unchanged, and amendments to the FEMA borrowing regulations will be issued separately.
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External Commercial Borrowings all-in-cost relaxation extended under approval route, with other ECB conditions unchanged and effective immediately.
All-in-cost ceilings for External Commercial Borrowings accessed under the approval route are temporarily dispensed with, permitting eligible borrowers to seek Reserve Bank approval for ECBs beyond prescribed cost ceilings; this relaxation is effective immediately and subject to review at the end of the extension. All other ECB parameters, including Automatic Route limits, eligible borrower and recognised lender criteria, end-use, maturity, prepayment, refinancing and reporting requirements, remain unchanged, and amendments to the FEMA borrowing regulations will be issued separately.
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