The RBI requested public feedback on the draft circular by 24 October. Photocredit: Francis Mascarenhas The Reserve Bank of India launched Today Draft External Commercial Leening (ECB) Framework to illuminate the overseas fundraising plans of borrowers. The supervisor has increased the limit of ECBs that companies can increase, limits in connection with the financial strength […]
India has an informal workforce with low credit penetration, but the share of new-to-credit loans continues to fall. | Photocredit: Getty images The bank loan mix has changed considerably over the past 14 years, whereby the share of business advances falls from 58 percent to 36 percent and the company financing that leaves banks, according […]