New Delhi, March 17 -- SBI Life-owned non-banking financial company (NBFC), Paisalo Digital, informed investors through an exchange filing today, March 17, that it had successfully raised funds through an External Commercial Borrowing (ECB) transaction amounting to USD 15 million.
This maiden ECB issuance represents a strategic step aimed at broadening the company's funding mix and accessing cost-effective, long-tenor capital from international markets.
The company said it will use the funds to support its continuously expanding lending portfolio, with a continued focus on MSMEs, income-generation segments, and other priority sectors.
The transaction strengthens Paisalo's overall liability structure by introducing a stable and diversif...
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