In a first since 2008 crisis, disbursals to steel companies drop 6.5%

Loan disbursals to steel firms by banks have turned negative for the first time since the 2008 economic crisis amid rising hopes of revival seen by Reserve Bank of India (RBI) and rating agencies.  

In a first since 2008 crisis, disbursals to
The latest RBI data shows that annual loan growth for the steel companies fell 6.5% for the 12 months ended June 22, 2018. Image source: Reuters

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