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The Reserve Bank of India has on 27 April 2018, released a circular modifying the regulatory regime for external commercial borrowings ("ECBs") (the “ECB Framework”) to allow Indian companies easier access to offshore debts.

Key Takeaways

The recent changes announced by the RBI have an impact on the following aspects of the ECB policy:

  • All-in cost ceiling
  • End-Uses
  • Eligible borrowers
  • ECB Liability to Equity Ratio
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