Mumbai:The private credit industry in India is bound to see significant growth going ahead on the back of the stressed assets opportunity and the ceding of lending space by public sector banks, said a panel of private credit investors at Mint India Private Equity Conclave 2018. “Suddenly you realize that you are constrained in private credit only in your mind, given where the environment is. Industry experts believe that the private credit market in India today has evolved significantly and thus offers a wide variety of opportunities. According to Tarun Bhatia, managing director (investigations and disputes) at risk consulting firm Kroll, the growth in private credit has also meant greater opportunities for intermediaries as private credit lending requires a different kind of due diligence. “In the mid-market space we see that private credit is replacing private equity.

Source: Mint May 31, 2018 13:30 UTC