India's top 50 companies have repaid loans of Rs 59,600 crore during the first half of the current financial year. Companies have taken this step to improve their balance sheets. This will help the companies to improve their bank loans. Over the past few years, these companies have seen a fall in loans from domestic banks. According to the information, the companies had reduced the debt of Rs 43,000 crore in the same period of FY 2018-19.

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Currently, companies are using alternative methods to raise funds, which continue at relatively low-interest rates. Along with this, due to the law like IBC, companies are trying to reduce their debt. During this time there has been a big increase in the funds raised by these companies from abroad. In October this year, it has been $ 341 million (about 24 thousand crore rupees). This is two times the same period of last year. In the Financial Stability Report released on Friday last week, RBI Governor Shaktikanta Das said that the demand for loans from common customers has increased. But due to the reduction of debt by companies, there has been pressure on the loans given to corporate customers.

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According to the RBI, so far the lending by banks has increased by only 1.7 percent in the current financial year, compared to a growth of 6.7 percent in the same period of the last financial year. According to rating agency Iqra, the growth rate of lending of banks in the financial year 2018-19 was 13.3 percent, which is expected to come down to 6.5 to seven percent in the current financial year. The rating agency said that there was an increase of Rs 1.70 lakh crore in loans given by banks in FY 2017-18. In FY 2018-19, this increase was Rs 5.4 lakh crore. But till December 6 in the current financial year, this increase has been just Rs 80,000 crore.

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