RBI relaxed norms for end-use of money raised through ECBs

The Reserve Bank of India has relaxed norms for end-use of money raised through external commercial borrowings for corporates as well as liquidity starved non banking lenders. The liberalisation will be applicable to ECBs taken for working capital, general corporate purpose loans or repayment of rupee loans.

Static/Current Takeaways Important For EPFO/LIC ADO Mains:

  • Governor of RBI: Shaktikant Das; Headquarters: Mumbai, Founded: 1 April 1935, Kolkata.

Source: The News On Air

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