SWIFT Warns India Of ‘Unprecedented’ Rise In Corporate Loan Defaults
PYMNTS
MAY 10, 2018
Businesses are largely behind the push, with government initiatives promoting a digital economy and FinTech innovators targeting corporate payments and finance in addition to their consumer-focused endeavors. Adding pressure to this issue is the fact that bad corporate debts and nonperforming assets on banks’ books are on the rise.
Let's personalize your content