ECB

This query is : Resolved 

23 April 2009 Can the ECB taken from 100% foreigh Holding be used for repayment of foreigh currency loan from indian Bank?

25 April 2009 Master Circular restrict only the repayment of Rupee Loans. Hence, as per opinion repayment of foreign currency loan is allowed.

Others views are solicited.

Thanks
CS Siddhartha Banik



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