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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 : Aug 25, 2026
(Amount in US $ Million)
Item 2025-26 2025 2026
Jun. May Jun.
1 2 3 4
1. General Permission        
1.1 Number 1378 112 144 139
1.2 Amount 36124 2733 4744 5943
2. Special Permission        
2.1 Number 24 1 0 1
2.2 Amount 6845 750 0 133
3. Total (1+2)        
3.1 Number 1402 113 144 140
3.2 Amount 42969 3483 4744 6076
4. Weighted Average Maturity (in years) 5.30 4.90 5.20 4.30
5. Interest Rate (per cent)        
5.1 Weighted Average Margin over alternative reference rate (ARR) for Floating Rate Loans@ 1.50 1.70 1.37 1.24
5.2 Interest rate range for Fixed Rate Loans 0.00-11.00 0.00-10.50 0.00-11.00 0.00-18.00
Borrower Category        
I. Corporate - Agriculture and Plantation 0 0 0 25
II. Corporate – Manufacturing 7340 954 374 453
III. Corporate – Infrastructure 13100 1819 1509 1808
a) Transport 2792 905 205 133
b) Energy 6898 905 931 1551
c.) Water and Sanitation 39 0 0 0
d) Communication 153 0 240 0
e) Social and Commercial Infrastructure 129 9 105 124
f) Exploration, Mining and Refinery 3085 0 1 0
g) Infrastructure (Construction and Development of Industrial Parks, Integrated Townships and SEZ) 4 0 27 0
IV. Corporate - Construction (Non-Infrastructure) 1 0 180 100
V. Corporate - Service Sector 3903 19 198 1628
VI. Corporate - Financial Sector 18124 682 2352 1995
a) Banks 0 0 0 0
b) NBFCs 16499 682 2352 1973
c) All India Financial Institution (AIFI) 1475 0 0 0
d) Micro Finance Institution (MFI)(other than Banks, NBFCs & AIFIs) 0 0 0 22
e) Others 150 0 0 0
VII. Other Entities 10 0 100 0
a) Limited Liability Partnership (LLP) 10 0 100 0
b) Partnership Firm 0 0 0 0
c) Cooperative Society 0 0 0 0
d) Society 0 0 0 0
VIII. Others@@ 491 9 31 67
@ 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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