Real estate sector needs ₹6 lakh crore in debt financing
Banks led a lion's share of ₹10 lakh crore in debt sanctioned over the past six years
Banks led a lion's share of ₹10 lakh crore in debt sanctioned over the past six years
Companies will face stiff competition from the retail sector for bank funding as retail loans face high demand and have higher yields relative to corporate loans, says Moody's.
The net debt of automotive division in India fell to ₹3,500 crore in December from ₹20,487 crore in March 2022.
Through a combination of equity and debt, the company plans to raise around ₹45,000 crore.
Debt to rise to 51.4% of GDP in FY24, up from 39%, five years ago.
Uday Kotak urges large corporates to meaningfully move to capital markets—debt and equity—and away from banks.
The credit rating agency also changed the company's outlook to 'stable' from 'positive'.
The net debt of automotive division fell to ₹41,700 crore in June from ₹43,700 crore in March.
Government meets fiscal deficit target but falling GDP growth puts a question mark over finances.
The Adani group's gross debt stood at ₹2.26 lakh crore ($27.7 billion) at the end of September 2022.