Banks meet 4% of India Inc's Q1 funding requirement of Rs 2.87 trillion

India Inc raised nearly 27 times more capital from non-bank sources than banks in the first quarter (Q1) of 2018-19 (FY19). 

Companies raised Rs 104 billion as bank credit in Q1FY19, which is 3.62 per cent of their incremental funding requirement of Rs 2.87 trillion. 

Sources other than banks provided Rs 2.76 trillion of finance to the corporate sector in the same period, according to the Reserve Bank of India’s (RBI’s) data on the flow of financial resources to the commercial sector. 

The dominance of non-banking sources is only likely to go up, said experts, as banks struggle with bad