Question
In order to automate the complete lifecycle of external commercial borrowings (ECBs) and trade credits, RBI is in the process of implementing which project.
strong >Read the following passage and answer the next 5 question (Q11-Q15) After a sharp decline in pandemic-hit FY21, overseas fundraising of Indian corporates have regained momentum. As per the latest RBI data, external commercial borrowings (ECBs) of India Inc in FY22 stood at $38.5 billion, witnessing a 10 per cent growth over FY21. External borrowings of India Inc touched a historic high of $52 billion in FY20 amid surplus liquidity and low interest rates in the global markets. However, the quantum of overseas borrowing declined by 32 per cent to $35 billion in FY21 as the pandemic-led uncertainties forced corporates to postpone their fundraising and expansion plans, besides deleveraging their balance sheets. However, pick-up in economic activity post unlocking and the continued availability of cheaper funds abroad induced corporates to tap overseas funding in the previous fiscal. “ECB issuances by Indian companies grew by 10 per cent y-o-y in FY22 to $38.5 billion. While in absolute terms, it is still lower than the peak observed in FY20 at $53 billion, sequential increase clearly shows improvement in corporate performance and credit growth. Source: BusinessLine
More Alternate Sources of Finance Questions
- How much funding did SIDBI receive from the Green Climate Fund to create a $1 billion corpus?
- As per Companies Act 2013, a company can vary the objects for which the prospectus was issued and raise capital from the public for any of the following pu...
- __________ refers to the attitude that includes a questioning mind and a critical assessment of audit evidence.
- Calculate P/E Ratio from the following: Equity share capital @ 10 each : 800000 9% preference share capital: 300000 Profit (after 35% tax) : 267000 Dep...
- Which design/shape is used to describe this need hierarchy theory of motivation?
- Which of the following appears under the heading 'Reserves & Surplus' in the balance sheet?
- In case the company has issued Bonus shares, which among the following ratios will be affected?
- The Permanent Retirement Account Number (PRAN) is issued by _________
- According to Section 6 of the Indian Trusts Act, 1882, a trust becomes void if its purpose becomes unlawful after its creation due to changes in the law o...
- In a leveraged buyout (LBO), what is the primary source of funds used for the acquisition of a company?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)