India Inc's bank pivot spurs corporate credit growth on economic pickup

In addition, companies have shifted to bank loans as yields in the corporate-bond market have remained elevated.  State Bank of India (SBI), the country’s largest lender, reported over 13 per cent year-on-year (Y-o-Y) growth in wholesale advances, driven by the services sector, petroleum and petrochemicals, and some others.  The bank has said it has a loan pipeline of ₹7.9 trillion. This includes loans that have been sanctioned but not taken or utilised. According to C S Setty, chairman, economic activi ...