Global Trade Alert
Global Trade Alert

India: Simplified procedure for refinancing external borrowings at lower costs

Announcement

27 Aug 2014

In August 2014, the government of India announced a rule change for international private debt transactions.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

27 Aug 2014

Revocation date:

No revocation date

Controls on credit operations In force

On 27 August 2014, the Reserve Bank of India amended the requirement that refinancing of External Commercial Borrowings (ECBs) at lower all-in costs but with a maturity period more than the residual ...

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