New Delhi, March 13 -- Indian companies, including non-banking finance firms, submitted proposals worth USD 4.0 billion to the Reserve Bank of India (RBI) in January 2025 to raise funds through external commercial borrowings (ECB).

According to RBI data, USD 1.97 billion of this was through the automatic route, while USD 2.02 billion came via the approval route. This marked a significant drop from December 2024, when corporates had filed ECB proposals worth USD 9.54 billion.

Among the notable companies seeking ECBs, the Export-Import Bank of India applied for $1.0 billion for on-lending and sub-lending purposes.

Power Grid Corporation of India Ltd sought USD 360 million with a seven-year maturity, also for on-lending.

NMDC Data Centre...