PNB rip-off may press up rates for trade loans as rates increase as much as 0.5%.

PNB rip-off may rise pricing for trade loans as rates increase as much as 0.5%

Signs that trade credit is getting harder for smaller companies have actually harmed the rupee, which is amongst Asia’s worst performers this month

PNB

Pedestrians stroll past a Punjab National Bank workplace in Mumbai (Photo: Reuters)

The fallout from India’s , some Indians firms might now need to pay a minimum of 1 percentage points above the London interbank used rate on some trade loans, compared with about 0.5 portion points prior to the

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http://www.business-standard.com/article/finance/pnb-scam-may-push-up-pricing-for-trade-loans-as-rates-rise-as-much-as-0-5-118022700636_1.html

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