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Rate cut, infusion of liquidity will end credit crisis: Edelweiss chairman

The premium that top-rated non-bank lenders pay over sovereign debt to borrow fell to the lowest in a year last week

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Divya Patil and Baiju Kalesh | Bloomberg

3 min read Last Updated : Sep 19 2019 | 8:51 AM IST

One of India’s top shadow financiers by assets is betting that central bank easing will bring an end to the nation’s prolonged credit crisis, even as fresh strains in the sector emerged this week.

“Interest-rate cuts and infusion of liquidity by the RBI will give a boost to the bond markets and aid the credit market to return to normalcy by December,” Rashesh Shah, chairman of Edelweiss Financial Services Ltd., said in an interview from the company’s steel-and-glass headquarters in Mumbai. “Steps taken by the government will also help alleviate concerns around non-bank lenders.”

Pushed by a year of distress in India’s

Topics : RBI Rate cut Reserve Bank of India Edelweiss Financial Services

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