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.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LQXU5T
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