The NBFCs, which filed for ECB in January with the Reserve of India (RBI), include REC (over $500 million), Tata Motors Finance ($200 million), L&T Finance Holdings ($125 million), and Shriram Finance ($750 million), according to the RBI data.
A senior executive with State Bank of India (SBI) said overseas borrowing by Indian companies, including highly rated NBFCs, was likely to grow because hedging costs were low and there was a softening bias in global interest rates.
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Foreign investors pull Rs 28,200 crore from Indian stocks (FPI withdrawals)
Foreign investors have withdrawn a substantial Rs 28,200 crore from Indian equities in May 2024, driven by uncertainties surrounding the upcoming general elections and the allure of more attractive valuations in Chinese markets.
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MPOWER Financingâs inaugural securitization achieves A ratings
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INDIA, FRANCE CONDUCT JOINT MILITARY EXERCISE 'SHAKTI' ON JUNGLE SURVIVAL
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SUPREME COURT POSTS PLEAS REGARDING VALIDITY OF CONSUMER PROTECTION RULES ON APPOINTMENT OF MEMBERS NEXT WEEK FOR DISPOSAL
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US Embassy in London refuses to pay $18.6 mn congestion charge
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