The Reserve Bank of India, with a view to further liberalize the External Commercial Borrowings (ECB) framework has decided to relax the end-use restrictions. This enables the companies and non-banking lenders greater freedom to borrow overseas fund, subject to the following conditions.
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The existing External Commercial Borrowings (ECB) framework restricted the utilisation of proceeds denominated in either foreign currency or Indian Rupee (INR) for repayment or for on-lending for repayment of domestic rupee loans. However, on Thursday, The Reserve Bank of India(RBI) has issued
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We propose the borrowing by way of ECB as the best option for import of plant and machinery provided the country of export is China, Germany or anywhere from EU, or Japan. We can foresee the advantages of ECB with the basic
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