RBI Eases ECB Norms For Corporates, NBFCs
  • WebDesk BTVI
  • Jul 31 2019

In a bid to ease financing and liquidity, the Reserve Bank of India (RBI) on Tuesday relaxed the end-use stipulations under external commercial borrowings (ECBs) framework for corporates and non-banking financial companies (NBFCs). The central bank has allowed them to use longer maturity ECBs to fund working capital and loan repayments. BTVI's Nivrita Ganguly gives more details on the story.