Norms eased for overseas borrowings : The Tribune India

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Norms eased for overseas borrowings

MUMBAI: The RBI today came out with a new policy for overseas borrowings, allowing all eligible entities to raise foreign funding under the automatic route and removing sectoral curbs.



Mumbai, January 16

The RBI today came out with a new policy for overseas borrowings, allowing all eligible entities to raise foreign funding under the automatic route and removing sectoral curbs.

All eligible borrowers can now raise External Commercial Borowings (ECB) up to $750 million or equivalent per financial year. — PTI

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