Corporate loan trends signalling good times & how!
“Credit enquiries have been accelerating, but sustaining momentum post festive season will be key,” said Anand Dama, senior research analyst at Emkay Global.
Synopsis
The fall was more pronounced in large-value loans of Rs 500 crore and above, with sanctions falling 48 per cent to 129 in the September quarter from 251 a year earlier.
Mumbai: Borrowings by 1.7 million companies tracked by the corporate affairs ministry signalled signs of an economic turnaround with loan filings showing 20 per cent uptick sequentially in the quarter ended September. The number of charge filings – which indicate new loans or additional collateral towards past loans – for loans above Rs 50 crore stood at 838 last quarter, up from 701 in the April to June period. To be sure, the number was down
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