External Commercial Borrowings (ECB) Policy – Structured Obligations for infrastructure sector

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....ks Madam / Sir, External Commercial Borrowings (ECB) Policy - Structured Obligations for infrastructure sector Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 40 dated March 02, 2010 relating to External Commercial Borrowings (ECB) Policy - Structured Obligations. 2. As per extant guidelines, credit enhancement is permitt....

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....nies engaged exclusively in the development of infrastructure, where "infrastructure" is as defined under the extant guidelines on ECB and by the Infrastructure Finance Companies (IFCs), which have been classified as such by the Reserve Bank. 4.  Credit enhancement by all eligible non-resident entities will henceforth be permitted under the automatic route and no prior approval will be req....