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RBI

External Commercial Borrowing

Borrowings raised by eligible Indian entities from recognised non-resident entities under RBI's ECB Framework. Used for permitted end-uses like new projects, import of capital goods, and refinancing of rupee loans. Subject to all-in cost ceilings.

Last updated: 17 May 2026

Frequently Asked Questions

What is External Commercial Borrowing?

Borrowings raised by eligible Indian entities from recognised non-resident entities under RBI's ECB Framework. Used for permitted end-uses like new projects, import of capital goods, and refinancing of rupee loans. Subject to all-in cost ceilings.

What is the significance of External Commercial Borrowing under RBI?

External Commercial Borrowing is significant under RBI because it refers to: Borrowings raised by eligible Indian entities from recognised non-resident entities under RBI's ECB Framework. Used for permitted end-uses like new projects, import of capital goods, and refinancing of rupee loans. Subject to all-in cost ceilings.

Who does External Commercial Borrowing apply to?

External Commercial Borrowing under RBI applies to companies, professionals, and individuals involved in RBI-related compliance and regulatory matters in India. Specifically: Borrowings raised by eligible Indian entities from recognised non-resident entities under RBI's ECB Framework. Used for permitted end-uses like new pr...

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