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ECB

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(Querist)
23 April 2009 Can the ECB taken from 100% foreigh Holding be used for repayment of foreigh currency loan from indian Bank?
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CS SIDDHARTHA BANIK

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CS SIDDHARTHA BANIK (Expert)
25 April 2009 Master Circular restrict only the repayment of Rupee Loans. Hence, as per opinion repayment of foreign currency loan is allowed.

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CS Siddhartha Banik
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