External Commercial Borrowings (ECB) Policy – Non-Banking Financial Company – Infrastructure Finance Companies (NBFC-IFCs)

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....-Banking Financial Company - Infrastructure Finance Companies (NBFC-IFCs) Attention of Authorized Dealer Category-I banks is invited to A. P. (DIR Series) Circular No. 51 dated May 11, 2010 relating to External Commercial Borrowings (ECBs) policy on NBFC-IFCs. 2. As per the extant guidelines, Non-Banking Finance Companies (NBFCs) categorized as Infrastructure Finance Companies (IFCs) by the ....

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....ould require the approval of the Reserve Bank and will, therefore, be considered under the approval route. 4. It has also been decided to reduce the hedging requirement for currency risk from 100 per cent of their exposure to 75 per cent of their exposure. 5. Designated Authorized Dealer banks should ensure compliance with the extant norms while certifying the ECB application both under the ....