External Commercial Borrowings (ECB) Policy

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....ited to the A.P. (DIR Series) Circular No.05 dated August 1, 2005 and A.P. (DIR Series) Circular No. 39 dated March 02, 2010 relating to External Commercial Borrowings (ECB). 2. On a review of the policy, it has been decided to modify the extant ECB policy in respect of the Infrastructure Finance Companies (IFCs) i.e. Non Banking Financial Companies (NBFCs) categorised as IFCs by the Reserve Ba....

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.... All the other aspects of ECB policy such as USD 500 million limit per company per  financial  year under  the  automatic route, eligible  borrower, recognised lender, end-use, average maturity period, prepayment, refinancing of existing ECB and reporting arrangements remain unchanged. 4. AD Category-I banks may bring the contents of this circular to the notice of their....