Cautious cos cut loans by Rs 1.7 lakh cr amid Covid

According to a research report by State Bank of India, the top 15 sectors, from more than 1,000 listed entities, reported a debt reduction of 1.7 lakh crore during FY21. In percentage terms fertilisers, cement products, consumer durables and capital goods sectors have reduced their dependence on bank loans by more than a fifth during the year.

via Economictimes