EASY EXTERNAL LOANS FOR NBFCs
In a significant move, the Government and the regulators have agreed to partially open the External
Commercial Borrowing (ECB) window for Non-Banking Finance Companies (NBFCs). The finance ministry and the central bank have acceded to permit NBFCs to raise long-term finance from overseas markets for the infrastructure sector. The move would enable NBFCs to channelise external funds, which are much cheaper than the domestic debt, to infrastructure companies who find it difficult to borrow overseas due to low debt ratings of the projects.
Commercial Borrowing (ECB) window for Non-Banking Finance Companies (NBFCs). The finance ministry and the central bank have acceded to permit NBFCs to raise long-term finance from overseas markets for the infrastructure sector. The move would enable NBFCs to channelise external funds, which are much cheaper than the domestic debt, to infrastructure companies who find it difficult to borrow overseas due to low debt ratings of the projects.
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