The Reserve Bank of India (RBI) on Monday released the final guidelines on external commercial borrowings (ECBs), rationalising fundraising through the route. “The amended regulations have rationalised the ECB framework by expansion of eligible borrowers and recognised lender base, rationalisation of borrowing limits and restrictions on average maturity period, removal of restrictions on the cost of borrowing for ECBs, review of end-use restrictions and simplification of reporting requirements,” the RBI said.