Current Affairs Economy & Banking

RBI relaxed norms for end-use of money raised through ECBs

Category : Economy & Banking

 The Reserve Bank of India has relaxed norms for end-use of money raised through external commercial borrowings for corporates as well as liquidity starved non banking lenders. The liberalisation will be applicable to ECBs taken for working capital, general corporate purpose loans or repayment of rupee loans.
Source: The News On Air


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