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Jul 01, 2016
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RBI eases rules for external commercial borrowings
Indian companies will need to submit for approval plans to issue external commercial borrowings only when they are above a certain threshold limit to be fixed from time to time, the Reserve Bank of India said on Thursday.The decision was taken “with a view to rationalizing and expediting the process of giving approval,” the RBI said in a statement.
Source -
http://www.livemint.com
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