“Private credit is the key factor in the fastest growing alternative asset class in the world”, details Shyam Maheshwari
According to Shyam Maheshwari SSG , the Indian credit market has been dominated by banks and non-bank financial companies for a long period. It started primarily with dominance of PSU banks and then the private sector banks. The credit to GDP ratio is relatively low for the stage of growth of the country. NBFC’S have been facing their share of challenges in the past 2 years as it is well known. Indian businesses need to hold against the domestic and international competition which also includes export markets. They also need to innovate and expand the fast growing unique technological and customer landscape. Shyam Maheshwari details the role of private credit as the key factor in the fastest growing alternative asset class in the world, as it has been for the last 4 to 5 years. In the 2009 global financial crisis, lots of debt capital has been flowing through asset managers rather than banks. Today over a trillion dollars in size, bank lending is shrinking on account of all the i...