https://www.taxtmi.com/circulars?id=56593 Overseas branches and subsidiaries of Indian banks may refinance External Commercial Borrowings of highly rated corporates and Navratna/Maharatna PSUs provided the outstanding maturity is not reduced and the all-in-cost of the fresh ECB is lower than the existing ECB; partial refinancing is permitted on the same conditions. Other ECB policy provisions remain unchanged and the Master Direction will be updated accordingly. en-us Thu, 04 Jan 2018 00:00:00 +0530 Thu, 04 Jan 2018 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56593 Overseas branches and subsidiaries of Indian banks may refinance External Commercial Borrowings of highly rated corporates and Navratna/Maharatna PSUs provided the outstanding maturity is not reduced and the all-in-cost of the fresh ECB is lower than the existing ECB; partial refinancing is permitted on the same conditions. Other ECB policy provisions remain unchanged and the Master Direction will be updated accordingly. Circulars FEMA Thu, 04 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56593