RBI RELAXES ECB NORMS FOR INFRA FINANCE COMPANIES
The Reserve Bank of India (RBI) has allowed infrastructure finance companies (IFCs) to raise funds
through external commercial borrowings without obtaining its prior approval. IFCs can now raise funds through ECBs up to 50 percent of their owned funds under the automatic route.
through external commercial borrowings without obtaining its prior approval. IFCs can now raise funds through ECBs up to 50 percent of their owned funds under the automatic route.
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