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Indian borrowers seek short-term fixes as bad debts deter banks

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Published Sun, Aug 9, 2015 · 09:50 PM

Singapore

INDIAN borrowers are grasping at shorter-term fixes for their finances as bank lending grows near the slowest pace in more than 20 years.

Companies being shunned by risk-averse banks are increasingly turning to the nation's commercial paper market, where they can fund their activities with debt maturing between 30 days and one year.

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