RBI revised the framework for external commercial borrowing
EXTERNAL COMMERCIAL BORROWING For: Mains Topics covered: The Revised framework for ECB, Features and Significances, External commercial borrowings, Non-Banking Financial Companies News Flash The Reserve Bank of India has revised the framework for external commercial borrowing (ECB). RBI has relaxed the end-use restrictions with regard to working capital, general corporate purpose and repayment of Rupee loans. Significance This move will allow greater access of funds for corporates and non-banking finance companies and…
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