TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Regulatory Authority Revises ECB Policy to Include Take-Out Financing for Infrastructure Projects; Approval Required from Reserve Bank.</h1> The circular issued by the regulatory authority outlines a revised policy on External Commercial Borrowings (ECB) to include take-out financing for infrastructure projects. This policy permits refinancing of domestic Rupee loans through ECB for eligible projects in sectors such as sea ports, airports, roads, and power, under certain conditions. These conditions include a tripartite agreement for loan take-out within three years, a minimum loan maturity of seven years, and compliance with prudential norms. Domestic banks cannot guarantee the take-out finance, and all ECB norms must be adhered to. Eligible borrowers must seek approval from the Reserve Bank before proceeding.
TaxTMI 
TaxTMI 
