India Inc raises a record $61 billion via ECBs in FY25, NBFCs lead way

May 15, 2025

Data published by the Reserve Bank of India (RBI) Wednesday showed that external commercial borrowing (ECB) registrations by companies, including non-banking finance companies, stood at more than $11 billion in March. This took the total number to $61 billion for FY25, compared with $49 billion a year ago.

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