Date: |
03-03-2015
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Notification No: |
RBI/2014-15/483 A.P. (DIR Series) Circular No.80
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Issuing Authority: |
RBI
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Type: |
A.P.D.(Series) Circulars
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File No: |
RBI/2014-15/483 |
Subject: |
External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling
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RBI/2014-15/483
A.P. (DIR Series) Circular No.80
March 03, 2015
To,
All Category - I Authorized Dealer Banks
Madam / Sir,
External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to
A.P. (DIR Series) Circular No. 17 dated July 28, 2014 relating to the
all-in-cost ceiling for ECB.
- On a review, it has been decided that the all-in-cost ceiling as specified
under paragraph 2 of
A.P. (DIR Series) Circular No. 99 dated March 30, 2012 will
continue to be applicable till March 31, 2015 and is subject to review
thereafter. All other aspects of ECB policy remain unchanged.
- AD Category-I banks may bring the contents of this circular to the notice of
their constituents and customers concerned.
- The directions contained in this circular have been issued under Sections
10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and
are without prejudice to permissions / approvals, if any, required under any
other law.
Yours faithfully
(B. P. Kanungo)
Principal Chief General Manager
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