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Business News/ Politics / Policy/  RBI eases rules for external commercial borrowings
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RBI eases rules for external commercial borrowings

Suvashree Dey Choudhury

RBI says the decision was taken with a view to rationalizing and expediting the process of giving approval

Previously, all ECBs under the approval route needed prior RBI approval. Photo: Aniruddha Chowdhury/MintPremium
Previously, all ECBs under the approval route needed prior RBI approval. Photo: Aniruddha Chowdhury/Mint

Mumbai: Indian companies will need to submit for approval plans to issue external commercial borrowings only when they are above a certain threshold limit to be fixed from time to time, the Reserve Bank of India said on Thursday.

The decision was taken “with a view to rationalizing and expediting the process of giving approval," the RBI said in a statement.

Previously, all ECBs under the approval route needed prior RBI approval. Reuters

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Published: 30 Jun 2016, 05:54 PM IST
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