Reserve Bank eases overseas borrowings policy, lifts sectoral curbs to further improve ease of doing business

Mumbai: The Reserve Bank on Wednesday came out with a new policy for overseas borrowings, allowing all eligible entities to raise foreign funding under the automatic route and removing sectoral curbs. All eligible borrowers can now raise External Commercial Borrowings (ECB) up to $750 million or equivalent per financial year under the automatic route replacing […]

The post Reserve Bank eases overseas borrowings policy, lifts sectoral curbs to further improve ease of doing business appeared first on Firstpost.