According to the RBI regulatory update on External Commercial Borrowings, which requirement was removed for a bank to qualify as a Designated Authorised Dealer (A

Under the revised ECB regulations introduced in 2026, the RBI removed the requirement for maintaining a current account as a condition for qualifying as a Designated Authorised Dealer (AD) bank. AD banks play an important role in facilitating foreign exchange transactions and ECB borrowings. Earlier regulatory norms required certain account conditions to be met before a bank could act as a designated AD bank. The removal of the current account requirement is part of broader operational simplification measures aimed at reducing procedural barriers and making the ECB process easier for both borrowers and banks handling such transactions.