RBI eases foreign borrowing norms for NBFCs https://ift.tt/2GQqq3J - Walletnews For Me

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    Tuesday, July 30, 2019

    Home Business News: Latest News on Business Financial News India Business & World Business News Stock Markets RBI eases foreign borrowing norms for NBFCs https://ift.tt/2GQqq3J

    RBI eases foreign borrowing norms for NBFCs https://ift.tt/2GQqq3J

    The RBI on Tuesday relaxed end-use restrictions on external commercial borrowings (ECBs) for companies and non-bank lenders. Borrowings up to seven years can be availed by non-banking finance companies for on-lending. Corporates can also raise seven-year funds for capital expenditure. Both these borrowings were not permitted earlier.
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