November 29, 2022

India Inc raises $10.36 billion through ECBs in H1 FY23 

India Inc raises 1036 billion via ECBs in H1 FY23

India Inc raises 1036 billion via ECBs in H1 FY23

After dwindling to a seven-quarter low of $3.68 billion within the first quarter, abroad borrowings of Indian corporates picked up momentum within the second quarter as debtors, particularly non-banking lenders, tapped the abroad marketplace for lending wants in addition to refinance their earlier expensive loans. 

In keeping with newest RBI knowledge, India Inc raised $6.67 billion through exterior industrial borrowings (ECBs) through the July-September quarter. Fund-raising through ECBs touched a historic month-to-month low of…

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