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NBFC fundraising through ECB route hits 5-year high
Financial Express Bengaluru
|January 09, 2025
Fundraising by Non-Banking financial companies (NBFCs) through the external commercial borrowings (ECB) route has hit a five-year high in 2024.
FUNDRAISING BY NON-BANKING financial companies (NBFCs) through the external commercial borrowings (ECB) route has hit a five-year high in 2024. This comes after a slowdown in banks' lending to the sector following strictures from the Reserve Bank of India in November 2023.
NBFCs raised a total of ₹3.64 lakh crore in 2024, the highest since 2019, according to data from PRIME database.
Analysts say easing of monetary cycles across the globe has added to the attractiveness of ECBs, as even below 'AA'-rated NBFCs have been able to raise funds from the offshore market.
Denne historien er fra January 09, 2025-utgaven av Financial Express Bengaluru.
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