Foreign Borrowings

REC board approves raising borrowing limit in foreign currency to $24 bn

State-owned REC Ltd on Friday said its board has approved raising the borrowing limit in foreign currency to USD 24 billion form USD 20 billion. The overall borrowing limit in Indian rupees was however retained at Rs 6 lakh crore, the company said in an exchange filing. The board of directors at its meeting held on Friday approved "proposal of retaining the overall borrowing limit of the company in INR at Rs 6,00,000 crore and increase the borrowing limit in any foreign currency equivalent from USD 20 billion to USD 24 billion..." The board also approved raising up to Rs 1,45,000 crore through private placement of unsecured/secured non-convertible bonds/debentures. The funds will be raised, in one or more tranches, from time to time, during one year from the date of passing of resolution by the shareholders in the ensuing annual general meeting. Besides, it approved appointment of Harsh Baweja as Director (Finance) (Additional Director) and Chief Financial Officer of REC with effe

India Exim Bank looks for $3.5 bn foreign currency borrowings in Fy25

The bank raised foreign currency resources of $3.26 billion equivalent during the financial year 2024

Indian companies' foreign borrowing jumps 60% in July to $3.43 bn

Indian companies raised over $3.43 billion from foreign markets through external commercial borrowings (ECBs) in July this year, up by nearly 60 per cent from a year ago, RBI data showed on Thursday

Amid Covid, India Inc's foreign borrowings plunge by 51% to $738 mn in May

Indian businesses had raised $1.49 billion by way of external commercial borrowings (ECB) in May 2020.

Central banks to pour money into major economies despite sharp rebound

The outlook suggests officials still want to guarantee the recovery from last year's coronavirus recession by maintaining ultra-low borrowing costs and asset-buying programs

India footprint of foreign lenders: How do income & expenditure stack up

While interest earnings are the mainstay, the banks are also active in derivatives and treasury operations

India Inc's foreign borrowings drop 47% to $1.75 bn in August: RBI data

India Inc's foreign borrowings fell by over 47 per cent in August this year to $1.75 billion, data from the Reserve Bank showed on Monday

India Inc's foreign borrowings slip 81% to $1.02 bn in June: RBI

The domestic companies had raised $5.40 billion from the overseas markets in June 2019

India Inc's foreign borrowings plunge over 68% to $996 mn in April

India Inc had raised as much as $3.16 billion from overseas market in the corresponding month of the previous financial year

Indian firms' foreign borrowings dip 45% to $2.09 bn in Dec 2019: RBI data

Cholamandalam Investment and Finance Company was the only company to have floated masala bonds overseas

India Inc foreign borrowings jump over two-fold to $3.41 bn in Oct: RBI

Indian companies had raised $1.41 billion in borrowings from overseas markets in October 2018

The lure of dollar bonds

Surge in foreign borrowing poses risks

India Inc's foreign borrowings rise two-fold to $4.98 bn in July: RBI

Adani Ports and Special Economic Zone raised $750 mn for rupee expenditure, $650 mn for refinancing of earlier ECB, ONGC Videsh and $500 mn for other purposes

Govt to raise a major chunk of foreign borrowing via 30-year bonds

Finance Minister Nirmala Sitharaman announced that India was looking to raise around $10 billion via overseas foreign currency sovereign bonds in the current fiscal year

India Inc foreign borrowing trebles to $3.81 billion in December: RBI data

The domestic firms had raised $1.31 billion through the ECB route in December 2017

India Inc's foreign borrowing rises 74% to $3.5 billion in July

Of the total borrowings (ECB), $1.75 billion was raised through automatic route and rest from approval route of the ECB

India Inc foreign borrowing jumps over two-fold to $3.92 bn in April

Among major companies which tapped the overseas market to raise capital included - Reliance Jio, Aditya Birla Finance, Vayu Urja Bharat Private Ltd and JSW Steel Ltd

India Inc foreign borrowings up over 2-fold at $4.4 billion in October

The rest of $314.99 million was sourced by floating rupee denominated bonds by Indian firms in overseas markets

Foreign borrowings by Indian companies halve to $1.64 bn in Aug: RBI data

Indian Inc's foreign borrowings nearly halved to USD 1.64 billion in August this year, data from Reserve Bank showed today. It includes borrowings through external commercial borrowings (ECBs) and rupee denominated bonds (RDBs) -- which were halted briefly recently. Indian firms had borrowed USD 3.17 billion through ECBs in August 2016. There were no RDBs in the same period last year as the instrument was introduced in September. Of the total borrowings, more than USD 1.56 billion were in the form of external commercial borrowings. In a break-up, USD 1.54 billion were borrowed through automatic route and USD 23,635,295 million through approval route of ECBs. Rest of USD 78,163,593 million foreign borrowings during the month were through rupee denominated bonds, showed the data. Fullerton India Credit Co Ltd was the only company that used the RDB route to raise the fund. Among major borrowers using ECBs were Exim Bank of India USD 400 million for on-lending, Larsen

India Inc's foreign borrowings down 5.8% to $2.46 bn

Data from RBI shows,the money by the Indian companies was raised through external commercial borrowings and RBDs route