Post discontinuation of LIBOR, the RBI has proposed to revise the all-in-cost ceiling for ECBs to _______
In the Monetary policy statement of December 2021, RBI stated that following for External Commercial Borrowing (ECB)/Trade Credit (TC) - Transition from LIBOR to Alternative Reference Rate (ARR): Currently, the benchmark rate for Foreign Currency (FCY) External Commercial Borrowings (ECB)/Trade Credit (TC) is specified as 6-months LIBOR rate or any other 6-month interbank interest rate applicable to the currency of borrowing. In view of the imminent discontinuance of LIBOR, any widely accepted interbank rate or alternative reference rate (ARR) applicable to the currency of borrowing may be used as a benchmark, post discontinuation. To take into account differences in credit risk and term premia between LIBOR and the ARRs, for new foreign currency ECBs and TCs, it is proposed to revise the all-in-cost ceiling from 450 bps to 500 bps and from 250 bps to 300 bps, respectively, over the ARRs. To enable transition of existing ECBs and TCs linked to LIBOR, it is proposed to revise the all-in-cost ceiling from 450 bps to 550 bps and from 250 bps to 350 bps respectively, over the ARRs.
Consider the following statements:
1.The Heads of State Council (HSC), the highest decision-making body in the Shanghai Cooperation Organization ...
India's first solar roof cycling track was inaugurated in which city?
Consider the statements about National Centre for Seismology (NCS):
1. An earthquake of magnitude 3.9 hit Jammu and Kashmir's Kishtwar district i...
Match the following:
The RBI recently cancelled the license of a Mumbai-based bank due to inadequate capital and earning prospects. Which bank is this?
Which two countries announced a new strategic pact to counter Russia, China, and economic instability?
In which year was the Indian Olympic Association (IOA) founded under the initiative of Harry Crowe Buck and Dr. A. G. Noehren?
During his visit to Papua New Guinea, Prime Minister Narendra Modi was conferred with the highest honours of which two countries?
The Securities and Exchange Board of India (SEBI) officially has the Investor Risk Reduction Access (IRRA) platform at the Bombay Stock Exchange (BSE). ...
Which country has become the first country in the world to ban thin plastic bags?