Corporate deleveraging has taken place despite a very favorable interest rate regime: BoB Research

The reasons for corporate deleveraging, which began in FY2018, include insolvency resolution, debt repayments being higher than fresh borrowing, and companies selling off assets and using the proceeds to repay debt, according to Bank of Baroda’s (BoB) economic research report. While prima facie, it may appear that deleveraging would have accelerated during the pandemic, interestingly, … Read more