MUMBAI: Bankers are spotting a sudden interest among corporates for ‘general purpose loans’. They sense a large part of this money is finding its way to the stock market.
Senior bankers told ET that RBI has recently voiced its discomfort over the disbursal of loans for which corporates do not have to specify the end use. A general purpose loan is like an unsecured clean loan which was introduced in the mid-’90s to make borrowing easier for corporates.
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Tuesday, October 9, 2007
India Inc queues up for general purpose loans
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