Indian companies raised $2.92 billion through overseas loans in April, with NBFCs leading the way, securing $1.53 billion for on-lending and sub-lending. Shriram Finance topped the list with $955 million in external commercial borrowings. ECB has become a cheaper funding option for NBFCs, diversifying their funding mix amid reduced bank lending due to risk weights.
US economy set to slow, but recession unlikely: Richard Yetsenga
ANZ Group’s Richard Yetsenga anticipates a US economic slowdown in the latter half of the year, stopping short of a recession. Despite economists’ bearish outlook,
June 26, 2025