
RBI ban on external borrowings could raise costs for key Indian corporates
India‘s ban on manufacturing and infrastructure companies' rupee borrowing from offshore Indian bank subsidiaries may raise their funding costs, lawyers say.

A recent decision by India’s central bank banning external commercial borrowing (ECB) from Indian banks’ offshore subsidiaries to pay onshore rupee loans will likely force corporates to change their funding practices, possibly at higher cost, experts claimed.
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