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.

Benefits
Features
Eligibility
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;
SIDBI;
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