External Commercial Borrowings (ECB) Policy: Re-schedulement of ECB - Simplification of procedure.

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..... ttention of Authorised Dealer Category I (AD Category I) banks is invited to the instructions contained in A.P. (DIR Series) Circular No.33 dated February 09, 2010 in terms of which AD Category banks are permitted to approve changes / modifications in the drawdown / repayment schedule of the ECBs already availed, both under the approval and the automatic routes, subject to the conditions. .....

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..... e-schedulement is allowed only once, before the maturity of the ECB. If the lender is an overseas branch of a domestic bank, the prudential norms applicable on account of re-schedulement should be complied with. The changes on account of re-schedulement should be reported to DSIM through revised Form 83. The ECB should be in compliance with all applicable guidelines related to eligible bo .....

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