India's corporate loan books grow 13% on capex revival
pre-market1 source ↓written by the desknot a recommendation
- year-on-year
- 13%
- rise in their
- 13.4%
- for Q3 FY2023
- ₹13.33 lakh crore
Corporate lending in India surged 13% year-on-year, driven by increased capital expenditure across sectors like oil and gas, infrastructure, and metals. Major banks, including State Bank of India, reported a 13.4% rise in their corporate loan book to ₹13.33 lakh crore for Q3 FY2023. This growth reflects heightened economic activity and corporate demand for financing.
Not investment advice. For informational purposes only.