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- External Commercial Borrowings ECB
External commercial borrowings (ECB):
External commercial borrowings are loans in India made by non-resident lenders in foreign currency/rupees (₹) to Indian borrowers. Indian corporates eligible to receive foreign direct investment can borrow money in the form of commercial bank loans, buyers' credit, suppliers' credit, financial leases, securitised instruments such as floating rate and fixed rate bonds etc., and credit from overseas lenders. RBI, from time to time issues directions/instructions covered under master direction on external commercial borrowings, as amended from time to time.
Features & Benefits
Axis Bank is one of the leading banks appointed by the customers as a “Designated Authorised Bank (AD)” to deal with any complex ECB proposal. Our strong debt capital markets/syndication team will assist you in arranging listing/private placement of overseas bond issuances.
Various services offered by us
- Pre-transaction advisory on RBI regulations
- Assistance in the completion of documentation
- Timely arrange approvals (Loan registration no)
- Issuance of no objection certificate (NOC) for creation of charge on assets in India as security for ECB favouring the overseas lender
- Approving changes in parameters of ECB complying with the guidelines
- Hedging services for drawdown and repayment of loans in all major currencies
- Assist in the submission of monthly returns to RBI
- Trusteeship services – Safe custody of charge documents in India on behalf of overseas lenders
- Funding through our overseas /GIFT city branches
- Offer escrow/debt service reserve accounts.
