The external commercial borrowing (ECB) limit for non-banking finance companies(NBFCs) has been been raised by the the Reserve Bank of India and classified as infrastructure finance companies (IFCs).
Tag: external commercial borrowing
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Firms look to raise funds from abroad
Media reports indicate that several companies, including Reliance Industries (RIL) are taking efforts to raise debt in dollar. Other firms who want to raise dollar funds include Essar Steel, Adani Enterprises and JSW Steel, reports indic
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Govt may relax ECB norms
After holding consultation with Indian companies, especially in the infrastructure sector, the government may relax guidelines for accessing funds through external commercial borrowing (ECB), media reports indicate. Under the ECB route, borrowers can raise dollar-denominated loans directly from international banks, international capital markets, multilateral financial institutions such as International Finance Corporation and
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Govt may relax ECB norms
After holding consultation with Indian companies, especially in the infrastructure sector, the government may relax guidelines for accessing funds through external commercial borrowing (ECB), media reports indicate. Under the ECB route, borrowers can raise dollar-denominated loans directly from international banks, international capital markets, multilateral financial institutions such as International Finance Corporation and
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L&T to go for Rs 1,000-cr ECB deal for Hyderabad Metro
For the Hyderabad metro rail project, L&T is close to striking a Rs 1,000-crore external commercial borrowing (ECB) deal with India Infrastructure Finance Co (IIFCL).
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ECB norm relaxation
EAfter holding consultation with Indian companies, especially in the infrastructure sector, the government may relax guidelines for accessing funds through external commercial borrowing (ECB).
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RBI permits ECB facility for NBFC-AFCs
Reserve Bank of India (RBI) allowed Non-banking finance companies (NBFCs) categorised as Asset Finance Companies (AFCs) to avail of external commercial borrowing (ECB). But the central bank imposed certain conditions for such NBFCs to access ECB window. One of the condition is that they would avail ECB under the automatic route with minimum average maturity of five years. Further, the funds raised through the ECB route must
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RBI relaxes ECB norms for residential developers
Developers and builders who have at least three years' experience in implementing residential projects may avail external commercial borrowing (ECB) for low-cost affordable housing projects. Reserve Bank of India (RBI) reduced the number of years of experience from the existing five years to three years in order to enable more developers to access ECB route
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Rupee weakness to hit infra projects funded via ECBs
India Ratings & Research (Ind-Ra) said the ongoing depreciation of rupee against the dollar is eroding the cost advantage of external commercial borrowing (ECB) for domestic infrastructure projects. companies preferred to raise funds through ECB as interest rate charged on such loan is cheaper that credit in the local market
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ECB facility may promote affordable housing projects
Industry players expect the Reserve Bank of India's (RBI) move to allow real estate developers raise funds from External Commercial Borrowings (ECB) would increase the supply of low-cost houses. It may be recalled that the central bank allowed developers and housing finance companies to raise a maximum of $1 billion for affordable housing
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