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Document - 38. External Commercial Borrowings (ECBs) – Registrations () or PDF - 38. External Commercial Borrowings (ECBs) – Registrations ()
38. External Commercial Borrowings (ECBs) – Registrations
Date : Sep 25, 2026
(Amount in US $ Million)
Item 2025-26 2025 2026
Jul. Jun. Jul.
1 2 3 4
1. General Permission        
1.1 Number 1378 126 139 171
1.2 Amount 36124 3220 5943 6917
2. Special Permission        
2.1 Number 24 1 1 6
2.2 Amount 6845 101 133 780
3. Total (1+2)        
3.1 Number 1402 127 140 177
3.2 Amount 42969 3321 6076 7697
4. Weighted Average Maturity (in years) 5.30 5.30 4.30 4.50
5. Interest Rate (per cent)        
5.1 Weighted Average Margin over alternative reference rate (ARR) for Floating Rate Loans@ 1.50 1.61 1.24 1.59
5.2 Interest rate range for Fixed Rate Loans 0.00-11.00 0.00-10.80 0.00-18.00 0.00-18.00
Borrower Category        
I. Corporate - Agriculture and Plantation 0 0 25 0
II. Corporate – Manufacturing 7340 299 453 1252
III. Corporate – Infrastructure 13100 1260 1808 2141
a) Transport 2792 375 133 474
b) Energy 6898 724 1551 1340
c) Water and Sanitation 39 0 0 0
d) Communication 153 0 0 0
e) Social and Commercial Infrastructure 129 0 124 1
f) Exploration,Mining and Refinery 3085 160 0 325
g) Infrastructure (Construction and Development of Industrial Parks, Integrated Townships and SEZ) 4 1 0 1
IV. Corporate -Construction (Non-Infrastructure) 1 0 100 50
V. Corporate - Service Sector 3903 379 1628 527
VI. Corporate - Financial Sector 18124 1372 1995 2996
a) Banks 0 0 0 0
b) NBFCs 16499 1372 1973 2996
c) All India Financial Institution (AIFI) 1475 0 0 0
d) Micro Finance Institution (MFI)(other than Banks, NBFCs & AIFIs) 0 0 22 0
e) Others 150 0 0 0
VII. Other Entities 10 0 0 0
a) Limited Liability Partnership (LLP) 10 0 0 0
b) Partnership Firm 0 0 0 0
c) Cooperative Society 0 0 0 0
d) Society 0 0 0 0
VIII. Others@@ 491 11 67 731
@ With effect from July 01, 2023, the benchmark rate is changed to Alternative Reference Rate (ARR)
@@: ‘Others’ includes ‘not elsewhere classified’
Notes: 1. The figures in the table are compiled based on the Loan Registration Number (LRN) allotted to the application for ECB/Foreign Currency Convertible Bond (FCCB).
2. ‘General and Special Permission’ are introduced in the ‘Form ECB 1’ as per RBI Circular on ‘Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to External Commercial Borrowing (ECB)’ dated February 18, 2026 in line with the revised ECB framework vide RBI circular on Foreign Exchange Management (Borrowing and lending) (First Amendment) Regulations’ dated February 16, 2026.
3. Borrower category is based on end-use sector as per Form ECB 1.
Based on applications for ECB/Foreign Currency Convertible Bonds (FCCBs) which have been allotted loan registration number during the period.

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