External Commercial Borrowings (ECBs) – Monthly reporting through ECB 2 Return

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..... (AD Category I) banks is invited to Annex III of Part V of Master Direction No.18/2015-16 dated January 01, 2016 on Reporting under Foreign Exchange Management Act, 1999 , as amended from time to time. The said Master Direction, inter alia, stipulates the reporting arrangement for ECBs through ECB-2 Return. 2. It has been decided to capture the details of the hedges for ECBs through a simpl .....

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..... contravention of the provision of Foreign Exchange Management Act, 1999 (42 of 1999). 4. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers. The aforesaid Master Direction No. 18 dated January 01, 2016 is being updated to reflect the changes. 5. The directions contained in this circular have been issued under sections 10(4) a .....

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