One challenge that some corporates might face, going ahead, is in terms of raising resources – not because of nonavailability of resources, nor for lack of creditworthy business opportunities but because of how the debtors respect their commitments as also an evolving thinking on “efficiency imperative” in credit dispensation.
There is enough liquidity in the domestic financial system. What needs to happen is that more and more of this liquidity is pushed to the productive sectors of the economy more expeditiously, not only through bank lending, but also through a robust capital market.