India ke corporates ne chukaaya debt, balance sheet strong hui!
Yeh ek bada update hai business ki duniya se! India ke kai bade companies ne apna debt chukane mein jor lagaaya hai. Pandemic ke baad se hi yeh trend shuru hua tha, lekin ab 2024-25 mein isne aur tez pakad li hai. Companies ke paas cash bahut hai, aur unhone equity bhi fundraise kiya hai, jisse unhone loans jaldi chukane shuru kar diye hain. Bankers aur rating agencies ko ummeed hai ki yeh trend aage bhi chalega, global uncertainty ke baavajood.
Debt reduction priority, new investment pe brakes?
Kyuki global market mein thodi uncertainty hai, US tariffs aur India-Pakistan tensions ki wajah se, companies nayi investments mein zyada interest nahi dikha rahe hain. Ek state-owned bank ke official ne bataya ki corporate sector ko bank credit kam mila hai, yeh liquidity ki kami ki wajah se nahi balki isliye ki companies nayi investments ki jagah debt reduction pe focus kar rahe hain. RBI ke data ke hisab se, March mein overall non-food credit growth 12% saal-dar-saal badha hai, jo ki pehle 16.3% tha.
Bade companies kaise kar rahe hain funding?
Major conglomerates apna capital expenditure internal accruals aur equity se fund kar rahe hain, aur naya loan kam le rahe hain. India Ratings and Research ki report ke mutabik, upgraded corporates ka median leverage ratio FY22 mein 2.4 times se ghat kar FY25 mein 1.5 times hone ki ummeed hai. SBI ke chairman, CS Setty ne bhi yeh baat batayi hai. Unhone bataya ki unke paas 1.7 lakh crore ka loan sanction pending hai, aur 3.4 lakh crore corporate loans pipeline mein hain.
Bond market mein bhi changes?
Yeh debt reduction ka trend sirf banking sector mein hi nahi, bond market mein bhi dikh raha hai. Companies high-cost debt ko refinance kar rahe hain, kyuki interest rates kam hone ki ummeed hai. Power Finance Corp aur Exim Bank ne bond issuances cancel kar diye hain, kyuki unhein investors se tight pricing nahi mila.
Global uncertainty ka impact
Global volatility aur tariff issues ke baavajood, corporate credit profiles strong hue hain, aur rating upgrades downgrades se zyada hue hain. Cement aur metal companies ne aggressively debt chukaya hai. Experts ka kehna hai ki yeh deleveraging cycle aage bhi chalega, kyuki private capex kam hai aur companies nayi investments mein saavadhaan hain.
