Loans & Advances
What is External Commercial Borrowing (ECB) ?
ECB refer to borrowings by corporate & FIs from international market. ECBs are part of India? overall external debt. ECB is permitted for import of capital goods, implementation of new projects, modernisation of existing production units. Use of ECB for on lending or investment in capital market or acquiring a company including RE is not permitted. ECB more than USD 20 million per borrower per financial year is permitted for foreign currency expenditure & has to parked overseas for as...
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