June 11, 2015 7:42 PM

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RBI extends ECB borrowing window for airlines till March 2016

The Reserve Bank today extended the deadline for aviation sector to raise funds through external commercial borrowings (ECBs) route by a year till March next year. As per the earlier guidelines, the scheme was valid till March 2015.In another notification, the RBI said the scheme of raising ECB for low-cost affordable housing projects will continue for the financial year 2015-16.

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