ECBs
July 6, 2011 by Prashanth
What is external commercial borrowing and wat are the benefits of ECBs?
- Login or register to post comments
Email this page
New Forum Topics
-
sknlakshmi on 26th Feb
-
sknlakshmi on 27th Nov
-
sknlakshmi on 27th Nov
-
sknlakshmi on 24th Sep
-
haritambu on 16th Sep
-
sknlakshmi on 10th Sep
-
sabarees on 26th Aug
-
sknlakshmi on 24th Aug
-
senthilkumar on 3rd Aug
-
Gunapriya on 1st Aug
-
sknlakshmi on 24th Jul
-
sknlakshmi on 24th Jul
-
sknlakshmi on 20th Jul
-
sknlakshmi on 17th Jul
Search
More like this
- Dr.Reddy has raised Rs.1,077.50 crore through the loan agreement with International bank to fund business expenses and to make payment for old loans.
- Jaiprakash Power Ventures plans to raise Rs 3500 crore through different options including QIP/ECB. The company also plans to enter cement business by putting up cement grinding units at Nigrie and Bina.
- Manappuram General Finance and Leasing Ltd has reported a quantum jump in its gold loan business to cross the Rs 6,000-crore mark.
- FAQ - Business Loan
- IIFCL lends Rs.4000Cr to two Govt. companies by March as part of its loan refinance business.
- Business Loan
- Hero MotoCorp company plans to foray into the retail finance business to enable potential customers with dedicated easy loan options.
- European and Asian stock traded positively following ECB’s huge cash injection
- European Central Bank (ECB) executive board member Joerg Asmussen said that ECB won't take part in any potential debt restructuring of Greece
- Corporation Bank has offered Grand Festival discount on home loans, vehicle loans and personal loans. The offer period starts on October 1 and ends on December 31
in Discussion
| sknlakshmi says, IPO Pricing (12 weeks 2 days ago) |
| sonunilam says, A short term loan can be very (29 weeks 6 days ago) |
| ursulaN says, Personal finance is the (1 year 10 weeks ago) |
| cbhattarai says, Budgeting Tips (1 year 15 weeks ago) |
| cbhattarai says, Budgeting Tips (1 year 15 weeks ago) |
| cbhattarai says, reply (1 year 15 weeks ago) |
| Ramalingam K says, With proper tax planning you (1 year 20 weeks ago) |
| Ramalingam K says, With proper tax planning you (1 year 20 weeks ago) |
Comments
ECB
July 7, 2011 by Gunapriya.R, 1 year 44 weeks ago
Comment: 104
ECB - External Commercial Borrowing is a window for the corporates to avail the loan at cheap interest rate from international bond market, international banks through automatic route or approval route. Under automatic route, the corporates need not to get the approval from RBI/ government to raise the funds through the issue of ECB to international banks whereas under approval route, the corporatess under go certain guidelines.
There are certain conditions for ECB placement. ECBs should be placed minimum with the maturity period of 3 years and the corporates are allowed to take the ECB route for financing the business only up to 50%. Usually, the corporates adopt this kind of borrwing to finance the imports and also to fund greeen field projects.
I dont konw the exact procedure to place ECB under approval route. If anyone knows, kindly let me know.
Procedure
July 8, 2011 by sknlakshmi, 1 year 44 weeks ago
Comment: 108
Procedure for ECB
Borrowers may enter into loan agreement complying with ECB guidelines with recognised lender for raising ECB under Automatic Route without prior approval of RBI. They must obtain a Loan Registration Number (LRN) from the Reserve Bank of India before drawing down the ECB