External Commercial Borrowings (ECB) –End-use and All-in-cost ceilings - Revised

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... ceilings - Revised Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to the A. P. (DIR Series) Circular No.5 dated August 1, 2005 on External Commercial Borrowings (ECB). A review of the ECB guidelines has been undertaken keeping in view the current macroeconomic situation and the experience gained so far by the Reserve Bank in administering the ECB policy. 2. Bas....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ears and up to five years 200 basis points 150 basis points More than five years 350 basis points 250 basis points * for the respective currency of borrowing or applicable benchmark. 3. The above changes will apply to ECB both under the automatic route as well as approval route with immediate effect and is subject to review. 4. Necessary amendments to Notification No. FEMA 3/2000-RB dated....