https://www.taxtmi.com/circulars?id=7987 Infrastructure Finance Companies classified by the Reserve Bank may obtain External Commercial Borrowings under the approval route for on lending to the infrastructure sector, provided they comply with DNBS circular norms, fully hedge currency risk and ensure total outstanding ECBs including the proposed borrowing do not exceed fifty per cent of Owned Funds, with certification of compliance by Authorised Dealer Category I banks; other ECB policy provisions remain unchanged. en-us Tue, 02 Mar 2010 00:00:00 +0530 Mon, 08 Mar 2010 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7987 Infrastructure Finance Companies classified by the Reserve Bank may obtain External Commercial Borrowings under the approval route for on lending to the infrastructure sector, provided they comply with DNBS circular norms, fully hedge currency risk and ensure total outstanding ECBs including the proposed borrowing do not exceed fifty per cent of Owned Funds, with certification of compliance by Authorised Dealer Category I banks; other ECB policy provisions remain unchanged. Circulars FEMA Tue, 02 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7987