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Who are eligible lenders under ECB framework?

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Adhitya Adhitya
Answered on February 14,2020

Lender for ECB purposes should be:

  • A resident of Financial Action Task Force (FATF) [or International organization of Securities commissions (IOSC) compliant country
  • Multilateral and regional financial institution where India is a member country
  • Individuals, if they are foreign equity holders or for subscription to bond/debentures listed abroad
  • Foreign branches / subsidiaries of Indian Banks – only for FCY ECB except FCCBs and FCEBs
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