For private banks, it’s still a hazy picture on corp credit

Indian private lenders have given differing accounts of corporate loan demand and pricing of risk for Q4 of the previous fiscal year, with Axis Bank executives saying demand was back, while Kotak Mahindra Bank said there was no hint of enough capacity expansion by private players. The Axis corporate loan book, at INR2.7tn ($36.7bn), is three times the size of Kotak's INR703.84bn. While Axis Bank's corporate loan book grew 14% YoY, Kotak's corporate advances were almost flat, up just 1% from a year ago.

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