KINDLY TELL WHERE IS THE PROPER PROCEDURE IN CASE OF EXTERNAL COMMERCIAL BORROWINGS IS GIVEN... I CHECKED THE RBI WEBSITE... BUT DIDNT UNDERSTAND MUCH,,, PLZ REPLY ASAP
5 Replies
Back in the Game
(a)
(1273 Points)
Replied 02 October 2012
I think u got to check out for ECB's on RBI website...
Further Check out for icsi soft copy material..i don remeber which subject its included in...They ve awesome explanation on ECB's.
Good Luck.
Srinivasan
(Manager-Finance)
(33 Points)
Replied 02 October 2012
Check the RBI circular, there detailed procedure has been given
manpreet.kaur
(Student)
(184 Points)
Replied 02 October 2012
its nt so clear that.... i hv told that already :(
S.ASWATH
(Manager)
(704 Points)
Replied 03 October 2012
ECB(EXTERNAL COMMERCIAL BORROWINGS) ITS NOTHING BUT
Loans taken from Non residents just like loan from our Nationalised Bank for that since In our nationalised bank we are following some rules and regulation to obtained the loan same like that for non residents we want complied with some rules its should be granted by RBI obvious since other currency coming to India for that two routes are there
1.Automatic route
If the condition specified under this we can go as easily not required to get seprate apporval otherwise
one should opt for Approval Route
Vijayalakshmi.K
(ICWA Final )
(324 Points)
Replied 03 October 2012
I think you can check with your banker.
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