Draft External Commercial Borrowing Framework under Foreign Exchange Management (Borrowing and Lending) Regulations, 2018

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....raft External Commercial Borrowing Framework under Foreign Exchange Management (Borrowing and Lending) Regulations, 2018<BR>FEMA & RBI<BR>Dated:- 4-10-2025<BR><BR>As announced in the&nbsp;Statement on Developmental and Regulatory Policies dated October 01, 2025, it has been decided to rationalize regulations pertaining to External Commercial Borrowing (ECB) included in the Foreign Exchange Managem....

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....ent (Borrowing and Lending) Regulations, 2018 issued under FEMA, 1999. Salient features of the proposed regulations are as under: * The borrowing limits are proposed to be linked to a borrower's financial strength and ECB are proposed to be raised at market determined interest rates. * The end-use restrictions and Minimum Average Maturity requirements are proposed to be simplified. * T....

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....he borrower and lender base eligible for ECB transactions is proposed to be expanded to enhance opportunities of credit flow. * Reporting requirements are being simplified to ease compliance obligations. The draft amendment to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018&nbsp;pertaining to the ECB framework is available on the RBI website for public response. Com....

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....ments/ feedback on the&nbsp;draft regulations&nbsp;may be submitted through the respective link under the 'Connect 2 Regulate' Section available on the RBI's website or may be forwarded via&nbsp;email&nbsp;by October 24, 2025, with the subject line "Feedback on draft ECB framework".<BR> News - Press release - PIB....