Sunday, December 15, 2013

ECB – Liberalised

In order to strengthen the flow of resources to infrastructure sector, the Reserve Bank of India (RBI) has decided to permit Holding Companies / Core Investment Companies (CICs) coming under the regulatory framework of the Reserve Bank to raise ECB under the automatic route/approval route, as the case may be, for project use in Special Purpose Vehicles (SPVs) with the specified terms and conditions.

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