The India Inc’s debt servicing capacity are much below the 2008-09 levels, the Reserve Bank of India (RBI) said in its financial stability report.
The corporate sector’s interest coverage ratio, which reflects the ability to service loans, has fallen, with real estate firms having the highest interest burden in the last four years. Interest expenditure is also on the rise in sectors such as textiles, iron and steel, and construction.
Interest expenditure as a percentage of sales was 3.6
The corporate sector’s interest coverage ratio, which reflects the ability to service loans, has fallen, with real estate firms having the highest interest burden in the last four years. Interest expenditure is also on the rise in sectors such as textiles, iron and steel, and construction.
Interest expenditure as a percentage of sales was 3.6
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