Reserve Bank of India

30.03.2016

Banking

External Commercial Borrowings - Revised Framework

MANU/APDR/0018/2016

The Reserve Bank of India notified amendments to the External Commercial Borrowings regime to encourage longer term lending, particularly for infrastructure development. The changes are prefaced as allowing a larger number of infrastructure participants access to external funds: a wider array of companies in the infrastructure sector can now raise ECB; ‘Exploration, Mining and Refinery’ have been deemed as being part of the infrastructure sector and companies partaking in the same can also avail ECB.

Relevant

ECB Policy 2015 MANU/APDR/0091/2015
ECB Policy - Liberalisation in Infrastructure MANU/APDR/0133/2013

Tags : ecb infrastructure mining refinery

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