External Commercial Borrowings (ECB) Policy – Review of all-in-cost ceiling.

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..... to A.P. (DIR Series) Circular No. 51 dated November 23, 2011 relating to External Commercial Borrowings. 2. Considering the developments in the global financial markets and the fact that borrowers were experiencing difficulties in raising ECBs within the existing all-in-cost ceiling, the all-in-cost ceiling for ECBs with average maturity of three and up to five years was enhanced to 6 months Libo .....

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..... of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Dr. Sujatha Elizabeth Prasad) Chief General Manager Related Press Release 30 Mar 2012 Review of all-in-cost (AIC) on External Commercial Borrowings (ECB) and Trade Credit Review of all-in-cost (AIC) on External Commercial B .....

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