Bankers adopt caution despite Indian loan volume pick up

By Shruti Chaturvedi
05 May 2016

Dollar loan volumes from India have risen 10% so far this year, with numbers driven mainly by fundraisings for large conglomerates and state-owned firms. This is despite a slump in overall activity in the rest of Asia. But the lukewarm response during syndication for some of the recently closed deals indicates a pushback on pricing from retail lenders, writes Shruti Chaturvedi.

India appears to be bucking the decline in demand for dollar-denominated debt seen across Asia, with year-to-date syndicated loan volumes from the country up 9.6% to $5.875bn. This comes even as overall volumes in Asia ex-Japan have dropped 16% year-to-date, according to Dealogic.

With corporate loan activity from markets ...

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