https://www.taxtmi.com/circulars?id=52985 AD Category - I banks are authorized to approve refinancing of existing External Commercial Borrowings under the automatic route where the fresh ECB's Average Maturity Period exceeds the residual maturity of the original loan, subject to conditions: both loans comply with guidelines; fresh ECB has lower all-in-cost; existing lender's consent; refinancing before original maturity; borrower not on RBI default/caution list or under DoE investigation; overseas branches/subsidiaries of Indian banks not permitted to extend refinancing; and requisite reporting (e.g., revised Form 83) is completed. en-us Wed, 27 Aug 2014 00:00:00 +0530 Thu, 28 Aug 2014 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52985 AD Category - I banks are authorized to approve refinancing of existing External Commercial Borrowings under the automatic route where the fresh ECB's Average Maturity Period exceeds the residual maturity of the original loan, subject to conditions: both loans comply with guidelines; fresh ECB has lower all-in-cost; existing lender's consent; refinancing before original maturity; borrower not on RBI default/caution list or under DoE investigation; overseas branches/subsidiaries of Indian banks not permitted to extend refinancing; and requisite reporting (e.g., revised Form 83) is completed. Circulars FEMA Wed, 27 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52985