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RBI amends ECB guidelines
On 16 February 2026, the Reserve Bank of India (‘RBI’), post public consultation, amended the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 and Master Directions on External Commercial Borrowings ‘ECB’, Trade Credits and Structured Obligations (‘Revised ECB Framework’).
The Revised ECB Framework comes into force with immediate effect.
This Alert summarizes key changes introduced under the Revised ECB Framework.