Reserve Bank of India (RBI) stated in a latest update that in August 2025, Indian companies, including non-banking financial companies (NBFCs), filed proposals with the RBI to raise $3.26 billion through External Commercial Borrowings (ECBs). Of this, $2.2 billion was through the automatic route and rest through the approval route. The latest data represented a slight 1.80% fall in the ECB proposals filed in July 2025.
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