RBI to soon unveil e-learning package to review ECB issues

NEW DELHI: The Reserve Bank of India is slated to unveil an e-learning package and also set up nodal offices for banks with the aim to address issues related to external commercial borrowings (ECB).

PK Raut, General Manager, Foreign Exchange Department, RBI, said, “The RBI will create nodal offices for dealers. The authorised dealer must get their clarification with nodal offices (in their region) before approaching it. Also, RBI has decided to prepare an e-learning package for the authorised dealers along with Foreign Exchange Dealers' Association of India (FEDAI) and the package will soon be shared and made available to all the authorised dealers.”

This will help people and most of the queries of the authorised dealers will be reviewed. Beside this, RBI has opted for liberalisation for the authorised dealers.