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Business News

Nov 07, 2018
8:17PM

RBI relaxes ECB norms for infrastructure creation

File Pic: PTI
The Reserve Bank of India on Wednesday liberalised the norms governing foreign borrowings for infrastructure creation. 

The central bank in a notification said that the minimum average maturity requirement 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.

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