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RBI relaxation for ECB refinance

Infrastructure Finance
September 1, 2014September 1, 2014
RBI relaxation for ECB refinance
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The Reserve Bank of India (RBI) has delegated to banks the power to approve in cases where the average maturity period of fresh external commercial borrowing (ECB) is more than the residual maturity of an existing one. Till now, RBI decided such cases. It has specified some conditions. The all-in cost of fresh ECB should be less than that of all-in cost of existing ECB. And, both borrowings should comply with the applicable guidelines.

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