India’s private credit industry is growing, but funds lack the recovery powers available to banks and NBFCs. A proposed Sarfaesi Act change could help close that gap, lower borrowing costs and widen business funding options.
Private credit may get more teeth to recover loans
EXECUTIVE SUMMARY
India’s private credit industry is growing, but funds lack the recovery powers available to banks and NBFCs. A proposed Sarfaesi Act change could help close that gap, lower borrowing costs and widen business funding options.
Key Takeaways
- Private credit may get more teeth to recover loans.
- India’s private credit industry is growing, but funds lack the recovery powers available to banks and NBFCs.
- A proposed Sarfaesi Act change could help close that gap, lower borrowing costs and widen business funding options.
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Published originally on Livemint - News
