Reserve Bank reduce ECB norms for infrastructure creation

The Reserve Bank of India (RBI) liberalized the norms governing foreign borrowings for infrastructure creation.
The central bank in a notification said that the minimum average maturity required for the External Commercial Borrowings, ECBs in the infrastructure space raised by eligible borrowers has been reduced to three years from earlier five years.
The RBI has said that the provisions have been reviewed and in consultation with the Government of India.

Published On : 08 Nov 2018