External Commercial Borrowings (ECB) by Multi-State Co-operative Societies

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..... Societies Attention of Authorised Dealer banks is invited to paragraph 1(B) (i) of the Annex to A. P. (DIR Series) Circular No.5 dated August 1, 2005 regarding borrowers eligible to access External Commercial Borrowings (ECB) under the Approval Route. 2. Keeping in view recent developments and representations received from various organisations, it has been decided to allow Multi-State Co-oper .....

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