External Commercial Borrowings (ECB) Policy –Refinancing / Rescheduling of ECB

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..... I (AD Category-I) banks is invited to A. P. (DIR Series) Circular No. 5 dated August 01, 2005 and A.P. (DIR Series) Circular No. 112 dated April 20, 2012 relating to External Commercial Borrowings (ECB). 2. As per the extant guidelines, the eligible borrowers desirous of refinancing an existing ECB can raise fresh ECB at a higher all-in-cost / reschedule an existing ECB at a higher all-in-co .....

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..... constituents and customers concerned. 6. The directions contained in this circular have been issued under sections 10 (4) and 11(1) 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 (C. D. Srinivasan) Chief General Manager - Circular - Trade Notice - Public No .....

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