Norms News
RBI eases foreign borrowing norms for smaller players
In a move to liberalise foreign borrowing norms for smaller firms, the Reserve Bank of India (RBI) has reduced the minimum maturity period for external commercial borrowing (ECB) up to $20 million to three years as against the earlier five years.
Earlier, there was no distinction in terms of minimum tenor for overseas loans, irrespective of the loan amount and all the overseas loans under the automatic
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