{"id":25749,"date":"2019-10-22T12:22:21","date_gmt":"2019-10-22T06:52:21","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?page_id=25749"},"modified":"2020-06-07T18:58:07","modified_gmt":"2020-06-07T13:28:07","slug":"external-commercial-borrowings-norms-for-nbfc-funding","status":"publish","type":"page","link":"https:\/\/enterslice.com\/learning\/whitepapers\/external-commercial-borrowings-norms-for-nbfc-funding\/","title":{"rendered":"ECB Norms for NBFC Funding"},"content":{"rendered":"<p>In a recent development, the RBI issued new guidelines for EECP <strong><a href=\"https:\/\/enterslice.com\/learning\/ecb-norms-nbfc\/\">Norms for <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;NBFC&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Non-Banking Financial Companies (NBFC) operate similarly to banks but do not possess the legal status of a bank. Registered under the Companies Act 2013 and governed by the RBI Act&amp;#039;s section(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/nbfc\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>NBFC<\/a> <\/a><\/strong>in NBFC funding. <\/p>\n\n\n\n<p>\n\nThe RBI has allowed external commercial borrowings for working capital purposes, general\ncorporate purposes and repayment of bank loans. Borrowing for on-lending (Loan to lend money\nto the third party) by NBFCs for the above mention maturity and end-uses is also permitted.\nThe step is taken to grant long term availability of funds to Non-Banking Financial\nCompanies (NBFCs). However, the ECB&rsquo;s should be raised from eligible lenders except\nfor foreign branches\/ overseas subsidiaries of Indian banks.\nEarlier in its order issued as on 26 March 2019, it debarred ECB proceeding to be used\nfor the working capital purposes, repayment of bank loans. The solution to NBFC\nproblem of mismatch of assets and liabilities is the highlight of this notification.\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent development, the RBI issued new guidelines for EECP Norms for <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;NBFC&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Non-Banking Financial Companies (NBFC) operate similarly to banks but do not possess the legal status of a bank. Registered under the Companies Act 2013 and governed by the RBI Act&amp;#039;s section(...)&lt;\/div&gt;\" href=\"https:\/\/enterslice.com\/learning\/terms\/nbfc\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>NBFC<\/a> in NBFC funding. The RBI has allowed external commercial borrowings for working capital purposes, general corporate purposes and repayment of bank loans. Borrowing for on-lending (Loan to lend money to the third party) by NBFCs for the above mention maturity and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":22610,"parent":15144,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"download-newsletter.php","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ECB Norms for NBFC Funding - Enterslice<\/title>\n<meta name=\"description\" content=\"In a recent development, the RBI issued new guidelines for External Commercial Borrowings ECP Norms for NBFC funding.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/whitepapers\/external-commercial-borrowings-norms-for-nbfc-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECB Norms for NBFC Funding - Enterslice\" \/>\n<meta property=\"og:description\" content=\"In a recent development, the RBI issued new guidelines for External Commercial Borrowings ECP Norms for NBFC funding.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/whitepapers\/external-commercial-borrowings-norms-for-nbfc-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:author\" content=\"enterslice\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-07T13:28:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/08\/imgpsh_fullsize_anim.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/25749"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=25749"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/25749\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/15144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/22610"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=25749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}