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Is India Inc coming back to banks?

Credit grew 11.6 per cent year on year from 9 per cent in October, but the reality could be more nuanced

Anup Roy  |  Mumbai 

The recent spurt in banks’ credit growth suggests Indian companies are coming back to the banking fold for their credit needs but the reality could be more nuanced. As on February 19, credit grew 11.6 per cent, compared with 9.9 per cent at the same time last year. In October last year, credit growth was nine per cent. The offshore market has turned unfavourable for Indian firms. While the rupee’s weakness before the Budget suggested Indian companies were no longer getting loans at a cheap rate, the weakness in corporate profitability has turned foreign investors ...

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Is India Inc coming back to banks?

Credit grew 11.6 per cent year on year from 9 per cent in October, but the reality could be more nuanced

Credit grew 11.6 per cent year on year from 9 per cent in October The recent spurt in banks’ credit growth suggests Indian companies are coming back to the banking fold for their credit needs but the reality could be more nuanced. As on February 19, credit grew 11.6 per cent, compared with 9.9 per cent at the same time last year. In October last year, credit growth was nine per cent. The offshore market has turned unfavourable for Indian firms. While the rupee’s weakness before the Budget suggested Indian companies were no longer getting loans at a cheap rate, the weakness in corporate profitability has turned foreign investors ... image
Business Standard
177 22

Is India Inc coming back to banks?

Credit grew 11.6 per cent year on year from 9 per cent in October, but the reality could be more nuanced

The recent spurt in banks’ credit growth suggests Indian companies are coming back to the banking fold for their credit needs but the reality could be more nuanced. As on February 19, credit grew 11.6 per cent, compared with 9.9 per cent at the same time last year. In October last year, credit growth was nine per cent. The offshore market has turned unfavourable for Indian firms. While the rupee’s weakness before the Budget suggested Indian companies were no longer getting loans at a cheap rate, the weakness in corporate profitability has turned foreign investors ...

image
Business Standard
177 22