ECBs rise fivefold to $18.6 billion in FY25
- Posted on May 29, 2025
- By Financial Express
- 2 Views
ECBs rise fivefold to $18.6 billion in FY25
Net ECBs surged over fivefold to $18.7 billion in FY25, driven by lower global interest rates and revised RBI norms. NBFCs led the borrowing spree, using funds for on-lending and refinancing. Only 10% went to new projects, highlighting a shift in funding strategy amid a resilient Indian economy.
