Changes in ECB Norms
Published on Mon, Sep 26,2011 | 13:35, Updated at Mon, Sep 26 at 14:03Source : Moneycontrol.com
In the wake of increasing domestic lending rates, the committee of the Central Government of India on External Commercial Borrowings (ECBs), has decided to introduce certain changes to the current ECB regime. Once enacted, the implications on the domestic market could potentially be significant. This news alert by Khaitan & CO. gives a snapshot of the key changes which may form the basis of final guidelines to be framed by RBI in this regard.
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