Thursday, January 17, 2019

RBI eases ECB norms

Image result for uses of external commercial borrowing

RBI has allowed entities that are eligible to receive foreign direct investment (FDI) to raise external commercial borrowings (ECBs), by enabling them to raise funds through automatic route up to $750 million per year. 

The ECBs raised would be within the overall cap set by the regulator on December 20 last year — at 6.5 per cent of gross domestic product. 

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