https://www.taxtmi.com/circulars?id=11465 Authorised Dealer Category I banks must certify the leverage ratio (outside liabilities/owned funds) of Infrastructure Finance Companies seeking ECBs under the approval route when forwarding proposals to the Reserve Bank. IFCs may obtain ECBs up to fifty per cent of owned funds under the automatic route; amounts above that require approval. ECB proceeds must be for on lending to infrastructure and IFCs must fully hedge currency risk; other ECB conditions remain unchanged. en-us Wed, 25 Jan 2012 00:00:00 +0530 Wed, 25 Jan 2012 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11465 Authorised Dealer Category I banks must certify the leverage ratio (outside liabilities/owned funds) of Infrastructure Finance Companies seeking ECBs under the approval route when forwarding proposals to the Reserve Bank. IFCs may obtain ECBs up to fifty per cent of owned funds under the automatic route; amounts above that require approval. ECB proceeds must be for on lending to infrastructure and IFCs must fully hedge currency risk; other ECB conditions remain unchanged. Circulars FEMA Wed, 25 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11465