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ECB FUND UTILISATION
RBI allows cheaper funds for corporate bidders under IBCRBI said bidding companies can now raise foreign currency funds through foreign banks abroad and use these proceeds to repay the bank debt ...
JNPT inks pact with SBI, DBS for $400 million loanECB of $400 Million ($300 Million from the SBI and $100 Million from DBS) will be primarily utilised by JNPT for expanding the network of r...
PNB Housing Finance plans to raise $300 million in foreign debtPNB Housing Finance plans to raise USD 300 million (about Rs 2,000 crore) through external commercial borrowing to fund affordable housing ...
RBI extends offshore loan window for airlines to March 2016The Reserve Bank of India extended the window for airline companies to source working capital loans through the offshore borrowing route un...
Air India may tie up with SBI, Citibank to raise funds through ECBAir India is mopping up these funds from the foreign market to meet its working capital requirements. ECB is a fund raising instrument whic...
Air India extends date to accept the bid through ECB till May 7The last date for accepting invitation of offers for external commercial borrowing (ECB) to the tune of up to $300 million has been extende...
- Aviation shares up as RBI extends ECB borrowing window
The SpiceJet scrip gained 5.48 per cent to Rs 14.05, while Jet Airways rose 2.65 per cent to touch an intra-day high of Rs 227.90 on the BS...
RBI extends ECB borrowing window for airlines till March 2015The Reserve Bank today extended the deadline for aviation sector to raise funds through external commercial borrowings (ECBs) route till Ma...
Core investment companies can raise ECB for SPVsThe RBI said ECB proceeds should be utilised either for fresh capital expenditure or for refinancing of existing rupee loans.
Srei BNP Paribas for relaxation in ECB norm for local equipmentSrei BNP Paribas has sought from the RBI to allow External Commercial Borrowing (ECB) for financing domestically manufactured construction ...
- RBI asks companies to give details of ECB fund utilisation
Reserve Bank asked companies to divide utilisation of funds raised through External Commercial Borrowings (ECBs) under the heads of foreign...
- ECB norms for power cos eased; RBI to notify within 7 days
Centre said companies can now use up to 40 per cent of loans to refinance their rupee debt, but the rest must be utilised for investments i...
- Reserve Bank of India asks corporates to park ECB funds in India amidst rupee blues
Amid falling value of rupee, the RBI asked corporates to park funds raised through ECBs for domestic expenditure with local banks.
- Century Plyboards plans to raise $50 million via external commercial borrowings
Century plyboard aims to to increase its cement capacity to 3.2 million ton per annum from current 1.2 million ton per annum.
- REL contests RBI's FEMA violation charge
The RBI has said REL violated FEMA norms by parking its foreign loan proceeds, worth $300 mn, with its mutual fund in India and then repatr...
- Offshore SPV may fund pan-Asian core projects
Funding options for transnational projects such as the India-Iran-Pakistan gas pipeline, Myanmar-India gas pipeline and power projects in B...
- RBI pulls up companies for taking ECB route for working capital
Corporates continue to be lured into borrowing overseas to fund their working capital needs, overstepping RBI norms on end-use of external ...