India Inc Hit By Liquidity Tightening: Ramraj Pai
  • Gaurav Sarkar
  • Jul 29 2013

Ramraj Pai, President of CRISIL ratings says that the credit quality of corporates is likely to be weakened by slow growth in GDP, heightened currency volatility, and higher-than-expected-rates. He also points out that banks’ NPA’s are expected to increase to around 4% by end of FY14.