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    <title>External Commercial Borrowings (ECB) Policy – Relaxation in the period of parking of unutilised ECB proceeds in term deposits</title>
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    <description>Unutilised ECB proceeds drawn down on or before March 1, 2020 may be parked in term deposits with Authorized Dealer Category I banks for an additional period up to March 1, 2022 as a one time relaxation; all other ECB provisions remain unchanged and AD Category I banks must notify their constituents, with the Master Direction to be updated accordingly.</description>
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      <description>Unutilised ECB proceeds drawn down on or before March 1, 2020 may be parked in term deposits with Authorized Dealer Category I banks for an additional period up to March 1, 2022 as a one time relaxation; all other ECB provisions remain unchanged and AD Category I banks must notify their constituents, with the Master Direction to be updated accordingly.</description>
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