Current Affairs · Banking and RBI Guidelines

Consider the key operational guidelines and limits in the Reserve Bank of India's (RBI) current operational framework governing External Commercial Borrowings (ECBs). Which of the following statements accurately reflects these regulations? 1. Eligible borrowers can raise up to $750 million or its equivalent per financial year under the automatic route. 2. The all-in-cost ceiling for new ECBs is benchmarked at 500 basis points over the alternative reference rate (ARR). 3. The minimum average maturity period for general corporate purpose loans raised via ECBs is fixed at 5 years.