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ARTICLE · 24 JANUARY 2019

Revised External Commercial Borrowing Guidelines

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The new framework is instrument neutral and would further strengthen the AML/CFT framework.

IndiaFinance and Banking
Nexdigm Private Limited
Nexdigm Private Limited
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The Reserve Bank of India (RBI) vide circular A.P. (DIR Series) Circular No. 17 (hereinafter referred to as the 'Circular') dated January 16 2019, issued new External Commercial Borrowing (ECB) Framework. It has been stated that the revised framework seeks to rationalize the extant framework for the ECB and Rupee Denominated Bonds in light of the experience gained to improve the ease of doing business. The new framework is instrument neutral and would further strengthen the AML/CFT framework.   

 

We bring to you the key changes at a glance, which may interest the medium and small enterprises and the foreign equity holders in particular that the revised ECB Guidelines has introduced:

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