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External Commercial Borrowings
The foreign currency borrowings raised by the Indian corporates from banking system outside India are called "External Commercial Borrowings" (ECBs). These foreign currency borrowings can be raised within ECB Policy guidelines of Government of India/RBI as applicable from time to time.
Bank of Baroda is very active and is a leading player in underwriting, arranging and granting various forms of foreign currency facilities through ECB route for the Indian Corporates. We also participate in ECB’s arranged by other international banking partners through Primary / Secondary Participations.
Terms and Conditions
Interest Rates and Charges
- Easy access to Foreign Currency Funds sitting in India.
- Advantage of same Time Zone
- Team of dedicated Relationship Managers
- Minimum Average Maturity Period for ECB is 3 years
- No approval required from RBI for ECB up to USD 750 million or equivalent per financial year irrespective of the category of borrower
- All entities eligible to receive FDI
- Further, following entities are also eligible to raise ECB:
- Port Trusts;
- Units in SEZ;
- EXIM Bank
- Master Direction - External Commercial Borrowings, Trade Credits and Structured Obligations by RBI latest Dec 10, 2021 and as amended from time to time
- Market determined ceiling subject to maximum All-in-Cost ceiling at per RBI Guidelines