Debt raising brings respite but financial situation is fragile: economists

Taking advantage of low rates abroad and the relatively relaxed standards of the Reserve Bank of India (RBI), Indian companies are lining up to raise resources abroad

The subjects
Debt | Indian companies | Indian economy

Anup Roy |
Bombay


There has been a surge in bond and commercial paper issuance by private entities, particularly non-bank financial corporations (NBFCs), and they are doing so at a rate cheaper than pre-Covid levels.

At the same time, taking advantage of low rates abroad and the relatively relaxed standards of the Reserve Bank of India (RBI), Indian companies are lining up to raise resources abroad. While some suggest this could indicate financial stability is taking hold in the system, others are not so optimistic even though they agree that there has been some breathing space around the NBFC …

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First published: Thu 06 Aug 2020 06:10 IST

About Natalee Broderick

Natalee Broderick

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