External Commercial Borrowings (ECB) by Services Sector -Liberalization

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..... y - I) banks is invited to the A. P. (DIR Series) Circular No. 5 dated August 1, 2005 relating to External Commercial Borrowings (ECB) and Notification No. FEMA 3/2000-RB dated May 3, 2000, as amended from time to time. 2. Under the extant ECB guidelines, borrowers in the services sector are not eligible to avail ECB under the Automatic Route. It has been decided, in consultation with the Gov .....

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..... eign Exchange) Regulations, 2000 dated May 3, 2000 are being issued separately. 6. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned. <!--ECBs by Services Sector --><!-- external commercial borrowings-->7. The directions contained in this circular have been issued under sections 10(4) and 11 (1) of the For .....

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