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EXTERNAL COMMERCIAL BORROWINGS
Rupee value is market-driven, has no target band against US dollar: FM SitharamanFinance Minister Nirmala Sitharaman stated the rupee's value is market-determined. The Reserve Bank of India monitors foreign exchange mark...
Foreign banks account for lion's share of FCNR(B) inflows under RBI's concessional swap facilityForeign banks have facilitated most FCNR(B) deposits under the RBI's swap facility. This concessional swap facility has attracted over twen...
Indian Overseas Bank eyes $650 million foreign deposits by SeptemberIndian Overseas Bank aims to gather $650 million in foreign currency deposits by September. The bank has already secured $300 million witho...
Indian banks mobilise $20.7 billion under RBI's special incentive windowIn a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a ...
India's EXIM Bank plans $300 million dollar bond sale under RBI hedging facilityThe state-run export finance institution will issue three-year floating-rate bonds priced at 90 basis points over the Secured Overnight F...
India's EXIM Bank plans $300 million dollar bond sale under RBI hedging facilityThe Export-Import Bank of India plans to raise $300 million through dollar bonds. This move utilizes the central bank's subsidized hedging ...
PFC raises USD 300 mn via bonds carrying floating interest ratesPower Finance Corporation has successfully secured USD 300 million via floating rate notes set to mature in July 2029. These instruments ad...
Tata Capital gives dollar bond guidance, final price by this week, bankers sayTata Capital is planning a new U.S. dollar bond issuance. The company seeks to raise between $400 million and $600 million. This debt offer...
India's capital account surplus may rise to $105 billion in FY27: Motilal OswalIndia's capital account surplus is expected to reach USD 105 billion in FY27. Stronger foreign capital inflows and improved portfolio inves...
India Inc's overseas fundraise picks up pace in May to $4.7 bn: RBI dataIndian companies' external commercial borrowings proposals saw a significant jump in May. Total filings reached USD 4.74 billion, a notable...
Tata Power mulls $450 million loan backed by offshore unitsTata Power is negotiating with banks for a significant overseas loan. The company seeks five-year funding backed by its subsidiary shares. ...
Nirmala Sitharaman calls for greater NRI outreach to boost foreign currency inflowsFinance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative deposit products and foreign curr...
FM Nirmala Sitharaman calls for enhanced NRI outreach to sustain foreign currency mobilisation momentumFinance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are offering attractive returns on forei...
FM Sitharaman to meet PSB chiefs to review foreign currency deposit driveFinance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposi...
PFC raises USD 300 mn via bonds carrying floating interest rates
FM Nirmala Sitharaman to meets heads of PSU banks on Mon, review foreign currency deposit mobilisationFinance Minister Nirmala Sitharaman will meet public sector bank heads on Monday. The meeting will review progress on attracting foreign cu...
Bank credit growth to ease as corporates tap bond markets, overseas funding: CareEdgeBank credit growth is expected to moderate gradually in the upcoming fiscal year. Large corporations will increasingly use domestic bond ma...