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of <h1>RBI Eases External Commercial Borrowing Rules: Longer Maturities for Working Capital, Loan Repayment, and NBFC On-Lending.</h1> The Reserve Bank of India has revised the External Commercial Borrowings (ECB) policy to relax end-use restrictions. Eligible borrowers can now raise ECBs for working capital and general corporate purposes with a minimum maturity of 10 years, and for repaying Rupee loans for capital expenditures with a minimum maturity of 7 years. Non-Banking Financial Companies (NBFCs) can also borrow under these conditions for on-lending. Additionally, corporate borrowers can use ECBs to repay Rupee loans in manufacturing and infrastructure sectors classified as SMA-2 or NPA under one-time settlements. All other ECB policy provisions remain unchanged.
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