In a move to encourage foreign fund
inflow which can help the cash-starved real estate sector to bounce
back, the Reserve Bank of India (RBI) has relaxed the external
commercial borrowing (ECB) guidelines.
ECB refers to commercial loans in the
form of bank loans, buyers’ credit, suppliers’ credit, securitised
instruments availed of from non-resident lenders with a minimum average
maturity of 3 years.
Last month, the Finance Ministry had liberalised the norms for raising funds through external commercial borrowing (ECBs) by domestic firms, particularly those in the realty sector.
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Source Page: RBI may relax external commercial borrowing guidelines
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