Reserve Bank of India (RBI) has given the big rebate to the NBFC in this case.

Reserve Bank of India (RBI) has given the big rebate to the NBFC in this case.

Reserve Bank of India on Tuesday relaxed the rules for external commercial borrowings for companies and non-bank lenders.

There is a piece of news on liquidity front for non-banking finance companies and borrowers. The borrowers have now got more freedom to borrow foreign loans. In fact, the Reserve Bank of India has relaxed the rules of the external commercial borrowing for companies and non-bank lenders on Tuesday.

Funds can also raise corporate for 7 years

Under the new rules, NBFC can avail of 7 years of discounts for lending. Corporates can also raise funds for 7 years for capital expenditure. Explain that the first permission for these two lenders was not allowed. The 10-year ECB can be used for any purpose, including working capital and repayment of loans.

Corporates living with their default lenders with local lenders have been allowed to use the ECB route to raise funds under the settlement arrangement once with the lenders. The banks which have given loans to defaulters can sell these stressed loans to foreign lenders. However, all the cost limits applicable to the ECB will continue.

Reserve Bank of India (RBI) has given the big rebate to the NBFC in this case.

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On Wednesday, the stock of Coffee Day Enterprises Ltd fell 20 percent to 52 week low of 52 weeks at the beginning of the trading on the Bombay Stock Exchange (BSE). To read the full news click on the below link...

40 percent break in two days, shares of Cafe Coffee Day, Investors' worth Rs 2,839 crore sank || Shocking news for Cafe Coffee Day || CCD shocking news

The decline in shares of Coffee Day Enterprises Ltd is not taking a name. Even on Wednesday, the stock of Coffee Day Enterprises Ltd fell 20 percent to 52 week low of 52 weeks on the Bombay Stock Exchange (BSE). The company got a lower circuit in the stock. On the National Stock Exchange (NSE), the company's share has dropped 20 percent to 1 year low at Rs 122.75. Explain that the company's stock has fallen by 40% in 2 days. To read the full news click on the above link...

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