India Inc files ECB intent worth $4.84 billion in September: RBI data

Quick Summary:

Registrations for ECBs by Indian companies almost doubled to $49.2 billion in the year ended March 2024 (FY24) from $26.

Of this, the intent for fund-raising through the automatic route amounted to $3.77 billion, while that via the approval route was $1.06 billion, according to RBI data.

Another NBFC, HDB Financial Services, is also planning to raise $250 million via three-year ECBs for on-lending.

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Category: BusinessFinance

Markets: India

Topics: India Inc NBFCs RBI data External Commercial Borrowings

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 19:53:21 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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