Current Affairs · Banking & Financial Regulations
Regarding RBI instructions on reporting External Commercial Borrowings (ECB), which of the following statements is/are correct? 1. Specific ECB reporting forms are categorized for calculating Late Submission Fees (LSF) upon delayed filings. 2. Authorised Dealer (AD) Category I banks verify and submit borrower returns to the RBI within prescribed working days. 3. LSF penalties are waived unconditionally for all delayed filings. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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