SWIFT Warns India Of ‘Unprecedented’ Rise In Corporate Loan Defaults
PYMNTS
MAY 10, 2018
A new report commissioned by SWIFT , with research conducted by the Boston Consulting Group (BCG), is urging corporate banks in India to take action. BCG analysis predicts banks’ revenue share from corporate lending will drop to 27 percent by fiscal year 2022, down from 39 percent today. ” Banks Need to Multitask.
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