The Reserve Bank of India (RBI) in its latest data report on ECB/FCCB has showed that Indian companies raised around $3.76 billion through external commercial borrowings (ECBs) in the month of April 2026. This was higher than $2.91 billion raised in the same month a year ago, while lower than $5.43 billion raised in March.
According to the data, Renew Surya Roshni ($500 million), Reliance Industries ($480 million), Serentica Renewables India 14 ($397 million), Indian Oil Corporation ($200 million), Indian Renewable Energy Development Agency ($176 million) and Air India ($133 million) were among the prominent borrowers.
The Reserve Bank of India data further showed that the companies raised funds via ECBs for diverse purposes like manufacturing, on lending, working capital requirements, refinancing and import of capital goods.
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