ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Bank and External Borrowings of the Corporate Sector

Large Indian corporate firms went on a borrowing spree abroad a few years ago attracted by the lower interests that came on external commercial loans. But sluggish profitability and currency depreciation are making it difficult for the firms to meet repayment obligations. In domestic borrowings, the corporate stress has led to higher non-performing assets of banks but there has been no sign of systemic risk to the banking sector.

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