Cost edge drives NBFCs overseas for fundraising

Cheaper access to foreign funds compared to the domestic market has led Indian firms, especially financial services companies, to increasingly tap overseas markets for their funding needs over the past 2 to 3 months. Nand Gopal Anand, Partner, JSA Advocates & Solicitors, added, “For Q4, we are receiving queries from clients on NBFC ECB borrowing transactions, and we expect that Q4 will witness an even higher number of ECB financings by NBFCs and financial institutions, given the financial year closure.” Anand said, “If we can see stability in the global interest rates and foreign exchange prices, we may witness the momentum built in Q3 and Q4 to sustain through FY27.” Read more