RBI eases ECB framework, allows $1 billion borrowing
pre-market1 source ↓written by the desknot a recommendation
- raise
- $1 billion
- 300% of net worth
- cap
- $750 million
The Reserve Bank of India (RBI) has updated its guidelines on external commercial borrowings (ECBs), allowing companies to raise up to $1 billion or 300% of net worth, whichever is higher. This is an increase from the previous $750 million cap. The new rules also simplify reporting and remove restrictions on borrowing costs, which may enhance funding options for businesses. 📈
Not investment advice. For informational purposes only.