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External Commercial Borrowings And Foreign Investments In India
What is the definition of External Commercial Borrowings (ECB) in India?
ECB refers to commercial loans raised by eligible resident entities from recognised non-resident lenders, including bank loans, buyers' credit, suppliers' credit, securitised instruments, and bonds.
What is the maximum ECB amount an eligible borrower can raise under the automatic route?
Up to USD 750 million per financial year
Which regulatory framework governs External Commercial Borrowings in India?
ECBs are governed by the Foreign Exchange Management Act (FEMA), 1999, and the RBI's ECB framework issued under FEMA (Borrowing and Lending) Regulations.
What is the minimum average maturity period for ECBs raised under Track II?
Ten years, regardless of the amount borrowed
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