REPORTING UNDER FOREIGN EXCHANGE MANAGEMENT ACT, 1999 - RETURNS PERTAINING TO EXTERNAL COMMERCIAL BORROWING (ECB)

NEW DELHI, March 30 -- The Government of India issued the following FEMA circular:

RBI/2025-26/253

A.P. (DIR Series) Circular No. 25

March 30, 2026

All Authorised Dealer Category I Banks,

Madam / Sir,

Reporting under Foreign Exchange Management Act, 1999 - Returns pertaining to External Commercial Borrowing (ECB)

Attention of Authorised Dealer Category I banks is invited toA.P. (DIR Series) Circular No. 16 dated September 30, 2022 and Part V and XIII of Master Direction - Reporting under Foreign Exchange Management Act, 1999.

2. On a review, the following changes are being made to the extant directions with reference to the returns pertaining to External Commercial Borrowing (ECB):

(i) Form ECB 1 and Revised Form ECB 1 (known as F...