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    <title>External Commercial Borrowings – Simplification of Procedure.</title>
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    <description>Authorised Dealer Category-I banks are empowered to approve changes in the recognised lender for ECBs when both original and new lenders fall within specified recognised categories, provided the new lender meets recognised-lender criteria, no other ECB terms change, and the ECB complies with extant guidelines; changes involving foreign equity holders or collaborators remain subject to Reserve Bank review. Approved changes must be reported in Form 83 and the amendment is effective immediately while other ECB policy parameters remain unchanged.</description>
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