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Name : P.Yesuthasen
Subject: External Commercial Borrowings (ECB's)
Query : A lot of people look at ECBs as an easy source of funds. Notwithsatnding what many of the arrangers have to say, many overseas lenders like to see a guarantee from a good Indian bank before they part with their money. Be careful with intermediaries, not all of them can deliver and if you have problems raising funds in India, it is unlikely you will find funds overseas.

Keep on the right side of the regulations and think very seriously about how you will cope with the exchange risk, which could wipe out and possibly outweigh the interest advantage.


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