BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Essential Commercial Banking
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European Credit Borrowing
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External Credit For Business
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External Commercial Borrowing
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Detailed explanation-1: -External commercial borrowing (ECBs) are loans in India made by non-resident lenders in foreign currency to Indian borrowers.
Detailed explanation-2: -External Commercial Borrowings (ECB) and Trade Credits.
Detailed explanation-3: -External Commercial Borrowings (ECB) refer to commercial loans [in the form of bank loans, buyers’ credit, suppliers’ credit, securitised instruments (e.g. floating rate notes and fixed rate bonds)] availed from non-resident lenders with minimum average maturity of 3 years.
Detailed explanation-4: -External Commercial Borrowings (ECB) in India External Commercial Borrowings are commercial loans widely used by eligible resident entities who raise ECBs from recognised non-resident entities.
Detailed explanation-5: -The ECBs come in two configurations: Foreign Currency ECB (FCY ECB) and Indian Currency ECB (INR ECB). Eligible borrowers could be a label that fits any entity that is eligible to seek Foreign Direct Investment (FDI).