External Commercial Borrowings (ECB)

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..... lation 6 of the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 and as amended from time to time and A.P. (DIR Series) Circular No.5 dated August 1, 2005 relating to External Commercial Borrowings (ECB). 2. At present, corporates can avail ECB up to USD 500 million during a financial year under Automatic Route with minimum average maturity period of 5 ye .....

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..... banks without prior approval of the Reserve Bank subject to compliance with the minimum average maturity period as applicable to the loan. 4. The amended ECB policy will come into force with immediate effect and is subject to review. 5. Necessary amendments to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 dated May 3, 2000 are being issued separat .....

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