बेटी बचाओ
बेटी पढ़ाओ
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
RBI/2025-26/223
A.P. (DIR Series) Circular No. 23 February 18, 2026
All Authorised Persons
Madam / Sir,
Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to
External Commercial Borrowing (ECB)
Attention of Authorised Persons is invited to the Master Direction – Reporting under Foreign
Exchange Management Act,...
बेटी बचाओ बेटी पढ़ाओ भारतीय ररज़र्व बैंक RESERVE BANK OF INDIA RBI/2025-26/223 A.P. (DIR Series) Circular No. 23 February 18, 2026 All Authorised Persons Madam / Sir, Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to External Commercial Borrowing (ECB) Attention of Authorised Persons is invited to the Master Direction – Reporting under Foreign Exchange Management Act, 1999. The Reserve Bank has issued the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026 dated February 09, 2026 (published in the official gazette on February 16, 2026) for revising the External Commercial Borrowing (ECB) Framework. The forms for returns pertaining to ECB, prescribed under the Master Direction ibid, have been modified in light of the revised ECB Framework.
2. In view of the above, Part V - Annex I and Part V - Annex II of the Master Direction – Reporting under Foreign Exchange Management Act, 1999 shall be substituted with the format given at Annex I (Form ECB 1 / Revised Form ECB 1) and Annex II (Form ECB 2) to this circular respectively.
3. Authorised Persons may bring the contents of the circular to the notice of their customers/ constituents concerned.
4. The directions contained in this circular have been issued under sections 10(4), 11(1) and 11(2) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.
5. These directions shall come into force with immediate effect.
Yours faithfully, (Dr. Aditya Gaiha) Chief General Manager-in-Charge विदेशी मुद्रा विभाग, केन्द्रीय कायाालय, केन्द्रीय कायाालय भिन, शहीद भगतव िंह मागा, फोर्ा, मुिंबई-400 001 भारत Foreign Exchange Department, Central Office ,Central Office building, Shahid Bhagat Singh Road, Fort, Mumbai-400 001, India टेलीफोन/Telephone No.022-22601000, ईमेल:fedcopcd@rbi.org.in वहिंदी में काम करना आ ान है, इ का प्रयोग बढाइए ।