The Reserve Bank of India (RBI) has allowed all
companies engaged in the infrastructure sector
to raise External Commercial Borrowings with a
minimum maturity of five years, including those
Non-Banking Finance Companies (NBFC)
regulated by the central bank.
By putting the NBFCs directly in the category of
infrastructure, RBI has made it easier for these
firms to raise additional resources of up to $750
million, provided they use the proceeds only for
financing infrastructure, and not for their own use.