Mitul Shah & Associates

India Inc raises a record $61 billion via ECBs in FY25, NBFCs lead way

Data published by the Reserve Bank of India (RBI) Wednesday showed that external commercial borrowing (ECB) registrations by companies, including non-banking finance companies, stood at more than $11 billion in March. This took the total number to $61 billion for FY25, compared with $49 billion a year ago.

Jio Credit raises Rs 1,000 cr in maiden bond issue

Jio Credit, a subsidiary of Jio Financial Services, has successfully raised ₹1,000 crore through its inaugural bond issuance to domestic investors. The bonds, with a tenor of two years and ten months, carry a coupon rate of 7.19%. The issue witnessed strong demand, being oversubscribed by three times, highlighting investor confidence.