External Commercial Borrowings

In June 2020, India Inc's borrowing from foreign markets fell by over 81 percent to $1.01 billion, while in April 2020, it plunged by 68 percent to $996.04 million.

Govt may let airlines raise foreign funds for working capital

Airlines will be able to offset the adverse impact of rising fuel prices and a fall in the value of the rupee by raising working capital from foreign lenders

Indian firms raise $1.82 bn from overseas markets in January

Indian companies raised USD 1.82 billion from overseas markets through external commercial borrowings and rupee-denominated bonds in January this year.

India Inc's foreign borrowings in Nov stood at $488.49 mn

The Indian companies had raised USD 3.16 billion from foreign sources in the same month a year ago.

Monetary Policy: Realtors want banks to lower lending rates after RBI rate cut

RBI today reduced the repo rate by 0.25 percent -- the short term rate at which the central bank lends to banks -- to 6.25 percent.

Monetary Policy: Start-ups can raise $3 mn via ECBs annually, says RBI

In January, Prime Minister Narendra Modi had unveiled a slew of incentives for them including tax holiday, inspector raj-free regime, capital gains tax exemption and Rs 10,000 crore corpus to provide funds. Government has also relaxed procurement norms for them.

India Inc's foreign borrowings fell 45% in May to $1.32 bn

India Inc raised USD 1.32 billion from overseas markets in May, down 45 percent from the same month a year ago, RBI data showed on June 23

Govt may soon approve capital goods policy

The draft policy envisions increasing the share of capital goods in total manufacturing activity to 20 per cent by 2025 from 12 per cent at present.

RBI relaxes norms for external commercial borrowings

The RBI said it was taking a "more liberal approach" for long-term foreign currency borrowing as well as for external commercial borrowings denominated in Indian rupees.

India must remove limits on foreign borrowing: Sahoo panel

The committee headed by M S Sahoo, a former member of the Securities and Exchange Board of India, was given the task to review the rules on external commercial borrowings.

NTPC issues bonus debentures worth over Rs 10,000 crore

The issue size of the bonus debenture is of Rs 10,306.83 crore and it carries the Coupon Rate of 8.49 percent per annum payable annually, NTPC said in a statement.

RBI relaxes external commercial borrowing norms

The decision was taken "with a view to liberalising, expanding the options of securities and consolidating various provisions related to creation of charge over securities for ECB at one place," the RBI said in a notification.

IFC to give $60-m loan for expansion: Gujarat Pipavav

Prakash Tulsiani, MD, Gujarat Pipavav, said the capacity increase is in line with the company‘s earlier guidance and they will utilise internal accruals before drawing out IFC‘s loan.

'ECB proceeds can be parked as fixed deposits for 6 months'

As per the extant norms, the money raised from abroad meant for rupee expenditure in India had to be brought immediately for credit to the rupee accounts of such borrowers.

Power Grid board approves plans to invest Rs 575 crore

The company approved an investment of Rs 378.71 crore for setting up a transmission system associated with the Kakrapar Atomic Power Project, with a commissioning schedule of 32 months.

Heavy Ind Min wary over higher ECB cap for power projects

The red flag comes at a time when the domestic power equipment makers are grappling with tough business conditions amid sluggish growth, stiff competition and cheaper imports.

ECB norms positive for low-cost housing projects: CRISIL

According to CRISIL Research the easing of fund-raising norms through the ECB route will lead to developers focusing on low-cost housing projects. The research firm's estimates suggest that the cost of funding for developers will reduce to around 9-11% from the current levels of 15-20%.

RBI suspends external borrowings in Chinese Yuan

The Reserve Bank of India (RBI) on Tuesday discontinued the facility of external commercial borrowings (ECBs) in renminbi, the Chinese currency. Indian companies in the infrastructure sector were allowed to avail this fund raising route subject to a maximum of cap of USD one billion.

Essar Steel raises USD 1 bn overseas to lower rupee debt

As a result of the dollarising its rupee debt, Essar Steel will also save approximately Rs 450 crore per annum in interest, the steel maker said in a statement.

Urban Housing Fund norms to be finalised shortly: NHB head

The National Housing Bank (NHB), the regulator for housing finance companies in India is ramping up its efforts on affordable housing, typically priced below Rs 25 lakh. It has almost finalised the scheme for Urban Housing Fund (UHF) of Rs 2,000 crore, recently announced in the Union Budget 2013.

NHB hopes for more easing in ECB norms for housing fin cos

The National Housing Bank on Monday said it was looking forward to some relaxation in the external commercial borrowing (ECBs) norms for housing finance companies (HFCs) to enable larger number of participants to tap the route.

LIC Housing plans to raise up to Rs 1,000 cr via ECB route

LIC Housing Finance Limited, promoted by state-run insurance giant LIC, is mulling raising Rs 700-1,000 crore through External Commercial Borrowings (ECB), said Chief Executive V K Sharma.

Relax infra lending norm for hospitality sector: FHRAI

The guideline for infrastructure lending in the hospitality sector needs to be relaxed further so as to cover a majority of upcoming projects to fuel growth in the sector, according to industry body FHRAI.

High level committee on ECBs to meet on November 30

A high level committee on External Commercial Borrowings (ECBs) will be meeting on November 30, reports CNBC-TV18's Aakanksha Sethi.