External Commercial Borrowings Limit

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  India Should Remove Limits on Overseas Borrowings by Corporates: Panel

  The committee headed by M S Sahoo, a former member of the Securities and Exchange Board of India, was given the task to review the rules on external commercial borrowings.

• LIC Housing plans to raise up to Rs 1,000 crore through ECB route

  LIC Housing Finance Limited, promoted by state-run insurance giant LIC, is mulling raising Rs 700-1,000 crore through External Commercial Borrowings (ECB), said Chief Executive V K Sharma.

• RBI relaxes ECB norms, hikes limit to $3 billion

  In a bid to increase the foreign fund flow into the country, the Reserve Bank of India today hiked the maximum limit to $3 billion for foreign borrowers under the external commercial borrowing (ECB) norms.

• Housing finance firms allowed to raise funds through ECBs

  It also permitted FIIs to invest up to $5 bn in rupee bonds within the overall corporate bond limit of $45 bn.

• Expert reaction: RBI’s measures positive for rupee, infrastructure companies

  Dr. C. Rangarajan Chairman Economic Advisory Council to the Prime Minister said that the attempt has been to open up larger capital inflows to the country.

• Budget Expectations: Housing Finance Industry

  Government could consider increasing the limit for financing small homes to Rs 25 lakh.

• RBI nod no longer needed for cut in sanctioned ECB limit

  Overseas borrowers will no longer require RBI's approval to raise an amount lesser than sanctioned ECB

• Rupee, domestic issues to act as spoilers for MFIs' ECB plans

  The microfinance industry is unlikely to get much respite from the RBI decision to increase ECB limit