KKR's NBFC eyes direct lending as credit demand remains subdued in India

As banks are finding it difficult to provide finance to firms because of their problems, KKR's NBFC has been offering to refinance the term loans to offer them capital for growth and operations

As credit demand remains subdued in India, KKR India Financial Services, the non-banking financial services company (NBFC) and credit business of private equity giant KKR, is looking to develop new themes that go beyond its core offering of structured debt and offer companies capital structures that can help them ride through business cycles.

  

One such area is medium to long duration term loans, which KKR calls direct lending. ‘‘We are trying to provide vanilla cash flow-yielding loans, with deal structures that work well for operating companies to give them flexibility,” says B V Krishnan, member, KKR and CEO of KKR India