Are different fundraisings replacing bank credit?
A negative growth in industry and slower growth in services segments limited the pace of overall expansion. “Because of surplus liquidity conditions, domestically as well as in overseas markets, the funding costs for stronger corporates have been much more competitive than bank loans,” said Anil Gupta, vice president - financial sector head, ICRA Ratings.
RBL Bank reports Rs 459 crore loss in Q1 on higher loan provisionsIts gross non-performing assets ratio increased to 4.99 per cent as of June 30 as against 4.34 per cent in March and 3.45 per cent in the year-ago period.
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