India's lending boom might no longer be largely bank-led
India's private credit market is booming, doubling in five years to $25 billion as companies seek alternatives to traditional bank loans for expansion and acquisitions. Banks, wary of complex financing, are leaving a gap that private lenders are filling with flexible, albeit costlier, solutions. While growth is strong, regulators are urging caution due to emerging risks like rising defaults and market opacity.
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