News Business RBI relaxes External Commercial Borrowing norms

RBI relaxes External Commercial Borrowing norms

New Delhi: The Reserve Bank of India on Wednesday eased the ECB (external commercial borrowing) norms and allowed cos to use overseas borrowings for general corporate purposes.The central bank said that it has no intention

rbi relaxes external commercial borrowing norms rbi relaxes external commercial borrowing norms
New Delhi: The Reserve Bank of India on Wednesday eased the ECB (external commercial borrowing) norms and allowed cos to use overseas borrowings for general corporate purposes.



The central bank said that it has no intention to restrict the bonafide overseas investment.

It said that its August 14 curbs on outward investments will not apply retrospectively.

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