RBI relaxes norms to raise funds from abroad. The Reserve Bank today said in Mumbai now all types of companies can avail trade credit facility from overseas for import of capital goods. RBI further said that the contract period of 15 months for all trade credits has been relaxed to 6 months. All other aspects of trade credit policy, will remain unchanged and should be complied with. The amended policy has come into force with immediate effect.
News On AIR | September 24, 2013 9:20 PM
RBI relaxes norms to raise funds from abroad<br/>