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India Inc's Dec foreign borrowing jumps over 4-fold at $3.03 billion

India Inc's Dec foreign borrowing jumps over 4-fold at $3.03 billion

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's Aug foreign borrowing up 48% at $751 million

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.

RBI to soon come out with draft on relaxing ECB norms: Das

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.

ECBs, NRI deposits push external debt to $476 bn

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.

ECBs, NRI deposits push external debt to $475.8 bn

ECBs, NRI deposits push external debt to $475.8 bn

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.

RBI extends ECB borrowing window for airlines till March 2016

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.

RBI permits companies to issue rupee bonds overseas

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.

Ease end-use curbs for issuance of ECBs, FCCBs: Assocham

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).

Treat ECBs to refinance Re loans by fin distressed firms as restructuring: RBI

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.

ECBs, NRI deposits push external debt to $462 billion

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.

RBI relaxes ECB norms

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

ECB proceeds can be parked as fixed deposits for 6 months: RBI

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

India Inc's Aug foreign borrowings up over 2-fold at $5.07 bn

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.

RBI allows ECB lenders to extend loans in rupees

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

RBI eases norms to refinance external commercial borrowings

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.

NTPC invites bids for 1,320-MW Khargone proj in Madhya Pradesh

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.

Indian firms borrow $3.2 bn in April from overseas markets

Indian firms including Reliance Industries and Oil India raised USD 3.2 billion overseas via external commercial borrowings (ECBs) and foreign commercial convertible bonds (FCCBs) in April.

RBI relaxes norms to raise funds via ECBs

As per the extant ECB policy, ECBs from direct foreign equity holders (FEHs) are considered both under the automatic and the approval routes.

Rescheduling norms for ECB simplified

Simplifying ECB norms, the RBI on Friday allowed banks to re-schedule loans raised through external commercial borrowings by companies.

Ban on ECB to repay rupee loans may put 25 firms in trouble

As many as 25 large companies may find it difficult to arrange Rs 53,200 crore to repay debt this financial year after the Reserve Bank tightened norms for domestic firms borrowing foreign currency overseas to retire rupee loans.