RBI revises ECB framework, eases on-lending rules
after close1 source ↓written by the desknot a recommendation
The Reserve Bank of India has finalized amendments to its External Commercial Borrowing (ECB) framework, easing several rules. Key changes include the removal of the current account requirement for designated authorized dealer banks and permitting on-lending to individuals. However, on-lending for real estate remains prohibited, maintaining restrictions on specific loan purposes.
Not investment advice. For informational purposes only.