External commercial borrowings touch $4.74 billion in May: RBI data
The Reserve Bank of India (RBI) in its latest data report on ECB/FCCB has showed that Indian companies raised around $4.74 billion through external commercial borrowings (ECBs) in the month of May 2026. This was higher than $3.77 billion raised in April 2026.
According to the data, Indian Railway Finance Corporation ($1.11 billion), NTPC ($750 million) and Kisetsu Saison Finance (India) ($499.1 million) were among the prominent borrowers. The Reserve Bank of India data further showed that the companies raised funds via ECBs for diverse purposes like working capital requirements, on lending, refinancing and import of capital goods.
Meanwhile, the filings for the rupee-denominated bonds (RDB) stood at $7.322 million (around Rs 70 crore) in May, with only one firm filing the proposal to raise funds. Sahrudaya Health-Care filed two RDB of Rs 30 crore for refinancing of rupee loans, and Rs 40 crore for local sourcing of capital goods.
