FIBAC 2021: India Inc spoilt for choice as funding avenues open up

Panelists at FIBAC say banks lose monopoly of being only source of funding to firms

Companies are increasingly becoming demanding seeking services and pricing, irrespective of their sizes, as banks lose the monopoly of being the only source of funding to firms, senior bankers discussed at the Day 2 of FIBAC 2021. 

“The corporates are now spoilt for choice. Banks, NBFCs, markets, and even private equity, everyone is willing to lend to corporates. And as the economy grows, the avenues are all going to expand,” said Ashwani Bhatia, managing director for corporate banking and global markets at State Bank of India.

Earlier, the large companies had this power, but increasingly medium-sized and even smaller companies are negotiating