Business

RBI relaxes External Commercial Borrowing norms for corporates, non-banking lenders

In more liquidity easing measures, the Reserve Bank has liberalised the end-use stipulations for the External Commercial Borrowings both for corporates as well as liquidity starved non-banking lenders.

The central bank in a statement yesterday said that liberalisation will be applicable to ECBs taken for working capital, general corporate purpose loans or repayment of rupee loans.

Corporate borrowers will be able to avail of ECBs to repay rupee loans taken for Capital expenditures if they are into manufacturing or infrastructure building and classified as Special Mention Account, SMA-2 or Non-Performing Asset, under any one-time settlement arrangement with lenders.

The RBI also issued a revised circular for bankers capturing the changes.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

20 + 19 =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: info@indsamachar.com

Middle East

IND SAMACHAR
Digital Media W.L.L
Flat: 11, 1st floor, Bldg: A – 0782
Road: 0123, Block: 701, Tubli
Kingdom of Bahrain

 

To Top
WhatsApp WhatsApp us