“We believe such low credit growth was a direct fallout of corporates rapidly deleveraging by repaying high cost loans through funds raised through bond issuances,” said Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI.source https://economictimes.indiatimes.com/industry/banking/finance/banking/corporate-deleveraging-could-continue-to-slowdown-bank-credit-sbi/articleshow/83329969.cms
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