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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 : Oct 23, 2026
(Amount in US $ Million)
Item 2025-26 2025 2026
Aug. Jul. Aug.
1 2 3 4
1. General Permission        
1.1 Number 1378 96 171 143
1.2 Amount 36124 2217 6917 7949
2. Special Permission        
2.1 Number 24 2 6 1
2.2 Amount 6845 1050 780 180
3. Total (1+2)        
3.1 Number 1402 98 177 144
3.2 Amount 42969 3267 7697 8129
4. Weighted Average Maturity (in years) 5.30 5.50 4.50 4.40
5. Interest Rate (per cent)        
5.1 Weighted Average Margin over alternative reference rate (ARR) for Floating Rate Loans@ 1.50 1.41 1.59 1.34
5.2 Interest rate range for Fixed Rate Loans 0.00-11.00 0.00-10.50 0.00-18.00 0.00-15.00
Borrower Category        
I.  Corporate - Agriculture and Plantation 0 0 0 0
II. Corporate – Manufacturing 7340 207 1252 1257
III. Corporate – Infrastructure 13100 698 2141 1780
a) Transport 2792 26 474 108
b) Energy 6898 198 1340 1136
c) Water and Sanitation 39 0 0 0
d) Communication 153 4 0 6
e) Social and Commercial Infrastructure 129 0 1 3
f) Exploration,Mining and Refinery 3085 470 325 500
g) Infrastructure (Construction and Development of Industrial Parks, Integrated Townships and SEZ) 4 0 1 27
IV. Corporate -Construction (Non-Infrastructure) 1 0 50 60
V.  Corporate - Service Sector 3903 498 527 2514
VI. Corporate - Financial Sector 18124 1853 2996 2515
a) Banks 0 0 0 0
b) NBFCs 16499 1853 2996 1265
c) All India Financial Institution (AIFI) 1475 0 0 1250
d) Micro Finance Institution (MFI)(other than Banks, NBFCs & AIFIs) 0 0 0 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 11 731 3
@ 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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