Cross border borrowing and lending rules: Reserve Bank framework sets eligibility, limits, end uses and reporting obligations. A comprehensive Reserve Bank framework regulates cross border borrowing and lending by Indian residents, prohibiting such transactions except as permitted and authorising the Reserve Bank to allow exceptions. It defines key terms, restricted end-uses and eligible borrowers, and establishes regimes for External Commercial Borrowings, Trade Credit and External Commercial Lending. Schedules set currency, forms, eligibility, maturities, recognised lenders, cost ceilings, limits, security, drawdown/registration, reporting, servicing, hedging and available routes (automatic or approval), with special provisions for individuals, financial institutions and changes in residential status.
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Cross border borrowing and lending rules: Reserve Bank framework sets eligibility, limits, end uses and reporting obligations.
A comprehensive Reserve Bank framework regulates cross border borrowing and lending by Indian residents, prohibiting such transactions except as permitted and authorising the Reserve Bank to allow exceptions. It defines key terms, restricted end-uses and eligible borrowers, and establishes regimes for External Commercial Borrowings, Trade Credit and External Commercial Lending. Schedules set currency, forms, eligibility, maturities, recognised lenders, cost ceilings, limits, security, drawdown/registration, reporting, servicing, hedging and available routes (automatic or approval), with special provisions for individuals, financial institutions and changes in residential status.
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