External Commercial Borrowings Policy - Liberalisation

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dealer Category - I (AD Category - I) banks is invited to the A. P. (DIR Series) Circular No.5 dated August 1, 2005 , A. P. (DIR Series) Circular No. 60 dated May 21, 2007 , A. P. (DIR Series) Circular No. 4 dated August 7, 2007 and A. P. (DIR Series) Circular No. 43 dated May 29, 2008 relating to External Commercial Borrowings (ECB). 2. Based on a review, it has been decided to modify so .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Average Maturity Period All-in-Cost ceilings over 6 Months LIBOR* Existing Revised Three years and up to five years 200 bps 200 bps More than five years and up to seven years 350 bps 350 bps More than seven years 350 bps 450 bps * for the respective currency of borrowing or applicable benchmark .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lt;!--ECB --><!--external commercial borrowing -->5. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 6. The directions contained in this circular have been issued under sections 10(4) and 11 (1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and is without prejudice to permissions/approvals, if any, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X