Kotak banker urges shift from loans to bonds for corporate borrowing
A senior banker at Kotak Mahindra Bank said India’s corporate borrowing needs to move from bank loans toward the bond market to reduce banks’ direct lending exposure and allow portfolio churn.
New Delhi, Sept. 21 -- A large share of Indian corporate borrowing should move from bank loans to the bond market, a senior banker at Kotak Mahindra Bank said, so banks can cut direct lending exposure and turn over their portfolios. "In India, banks are still the primary source of capital for…"