Mar 06, 2013, 11.38 AM IST | Source: CNBC-TV18

RBI eases ECB rules for companies under investigation

The RBI today allowed companies which are under investigation by agencies like the enforcement directorate to apply for foreign loans under the "automatic route".

India Business Hour

Excerpts from India Business Hour on CNBC-TV18 Watch the full show »

The RBI today allowed companies, which are under investigation by agencies like the enforcement directorate, to apply for foreign loans under the "automatic route".

Hitherto, such companies could apply for foreign loans only, under the approval route. However, this is a route which requires RBI approval.

The Central Bank said that commercial banks which arrange these loans will have to intimate the investigating agency about the new loan.

Also read:
- RBI chief says high inflation prompting more gold buys
- Expect RBI to cut 75bps in 6-8 months: Deutsche Bank
- RBI may ease rates in March; cautious on midcaps: PN Vijay

READ MORE ON  RBI, ED, companies, automatic route, ECB

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1711.96 1.85 0.11%

35128

Bought today

23053

Sold today

0.36%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.