External commercial borrowings News

Of the total external commercial borrowings (ECBs) in April 2019, USD 2.66 billion was raised through the automatic route, USD 500 million through approval route while the rest of USD 304,462 came through the issue of rupee denominated bonds (RDBs), the RBI data showed.

Besides, there was additional borrowings of USD 314.99 million through rupee denominated bonds (RDBs) in the year-ago month.

As per RBI data, of the total in May this year, external commercial borrowings (ECB) and RDBs contributed almost equally at USD 523.95 million and USD 525.76 million respectively.  

Of the total borrowings during the month, USD 1.13 billion was raised through approval route, while USD 1.90 billion came through automatic route.  

India Inc raised over USD 750.76 million from overseas markets in August 2015, up about 48 percent from a year ago, says RBI data.

Seeking to attract overseas investments, the Reserve Bank will soon come out with a draft paper on liberalising external commercial borrowings (ECB) norms, Economic Affairs Secretary Shaktikanta Das said here today.

India's total external debt rose by USD 29.5 billion, or 6.6 percent, to USD 475.8 billion at the end of March, mainly due to increase in external commercial borrowings and NRI deposits.

India's total external debt rose by USD 29.5 billion, or 6.6 percent, to USD 475.8 billion during 2014-15 fiscal, mainly due to increase in external commercial borrowings and NRI deposits.

The Reserve Bank Thursday extended the deadline for aviation sector to raise funds through external commercial borrowings (ECBs) route by a year till March, a move aimed at providing relief to the cash-crunched sector.

The Reserve Bank Tuesday proposed that Indian corporates eligible for raising external commercial borrowings (ECBs) could also raise funds overseas by issuing Rupee linked bonds, a move expected to open another window for cheaper resources.

To facilitate long-term fund raising by infrastructure companies, industry body Assocham has demanded easing of end-use restrictions for issuance of commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs).

The Reserve Bank on Monday said external commercial borrowings (ECBs) extended to financially distressed companies will fall under restructuring head if borrowers use it to refinance rupee loans.

India's total external debt rose by USD 15.5 billion, or 3.5 percent, to USD 461.9 billion during the six-month period ending December, mainly due to increase in external commercial borrowings and NRI deposits.

At present, the choice of security to be provided to the overseas lender or the supplier for securing ECB is left to the borrower.

RBI said that the amended ECB policy will come into force with immediate effect.

Borrowings by Indian companies from overseas markets more than doubled to USD 5.07 billion in August from a year ago, as per the RBI data released Monday.

Relaxing norms for external borrowings, the RBI Wednesday allowed ECB lenders can now extend loans in Indian Rupees to domestic businesses.

The Reserve Bank on Wednesday eased norms to refinance external commercial borrowings (ECB) and allowed banks to approve even those cases where the average maturity period (AMP) of fresh borrowings exceeds residual maturity of existing loan.

The state-run major plans to finance the EPC package for Khargone plant through External Commercial Borrowings (ECB) and own resources, according to the tender document issued on Saturday.