ECBs Current Affairs, GK & News
RBI liberalises norms governing external commercial borrowings for infrastructure creation
Reserve Bank of India (RBI) has liberalised norms governing external commercial borrowings (ECBs) for infrastructure creation. The provisions have been reviewed and decision has been taken in consultation with Central Government. Key Facts RBI has reduced minimum average maturity required for the ECBs in the infrastructure space raised by eligible borrowers to three years from ..
Month: Current Affairs - November, 2018
Topics: Banking • Business • ECBs • Economy • External Commercial Borrowings • Infrastructure Sector • RBI
RBI eases External borrowing norms to enable cheaper funds
The Reserve Bank of India (RBI) has further liberalised External Commercial Borrowings (ECB) Policy by including more sectors in the window in a bid to facilitate cheaper access of overseas funds to Indian companies. Key Facts RBI has stipulated uniform, all-in cost ceiling of 450 basis points (bps) over benchmark rate, which, in most cases, ..
Month: Current Affairs - April, 2018
Topics: Banking • Business • ECBs • Economy • External Borrowing • External Commercial Borrowings • RBI
RBI issues clarifications on Hedging for External Commercial Borrowings
The Reserve Bank of India (RBI) has issued the Clarifications on hedging for External Commercial Borrowings (ECB) in a bid to effectively address currency risk at the systemic level. The Clarifications were issued by RBI under section 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999. What are External Commercial Borrowings (ECBs)? ECBs ..
Month: Current Affairs - November, 2016
Topics: Banking • Business • ECBs • Economy • Hedging • National • RBI
RBI allows startups to raise $3 million via ECBs annually
The Reserve Bank of India (RBI) has permitted startups to raise external commercial borrowings (ECBs) of up to $3 million in a financial year for three year tenure The new rules issued by RBI aims at boosting innovation and promoting job creation in the country. It will apply to startups looking to raise foreign borrowings ..
Month: Current Affairs - October, 2016
Topics: Business • ECBs • Economy • National • RBI • Startups