Indian #banks are unlikely to cut back lending to #steel companies despite the likely near-term pressure on their balance sheets due to the govt’s recent #exportdutyhike.
Read the details 👇
https://www.moneycontrol.com/news/business/banks-may-not-cut-lending-to-steel-sector-despite-export-duty-hike-say-rating-agencies-8573541.html?utm_source=telegram&utm_medium=social
Read the details 👇
https://www.moneycontrol.com/news/business/banks-may-not-cut-lending-to-steel-sector-despite-export-duty-hike-say-rating-agencies-8573541.html?utm_source=telegram&utm_medium=social
Moneycontrol
Banks may not cut lending to steel sector despite export duty hike, say rating agencies
The government, on May 21, increased the duty on exports of iron ore to 50 percent from 30 percent and imposed 45 percent duty on pellets. It also imposed a 15 percent export duty on hot-rolled and cold-rolled steel products from nil earlier