External Commercial Borrowings (ECB) from the foreign equity holder

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Full Text of the Document

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....Series) Circular No. 5 dated August 1, 2005, as amended from time to time, relating to the External Commercial Borrowings (ECB). 2. As per the extant ECB policy, borrowings in the form of ECB cannot be utilized for general corporate purpose. 3 On a review, it has been decided to permit eligible borrowers to avail of ECB under the approval route from their foreign equity holder company with minim....