ECB Relaxations Proposed by RBI

In November 2015, the Reserve Bank of India (“RBI”) introduced a new governing framework for external commercial borrowings (“ECBs”) to regulate Indian companies raising loans overseas.

On April 27 2018, the RBI came out with a circular further relaxing and rationalising the ECB guidelines. This circular is seen as business-friendly move that will enable Indian companies to access potentially cheaper foreign capital, while rationalising compliance requirements.

In this presentation, Viraj Joshi reviews and summarizes the key changes brought about by the RBI circular.

View the presentation here.

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