Cash Crunch Among Indian Developers  Credit Negative For Banks: Moody’s
Workers unload reinforcing steel from a truck at the East Kidwai Nagar General Pool Residential Accommodation Redevelopment Project in Delhi. Photographer: Ruhani Kaur/Bloomberg

Cash Crunch Among Indian Developers Credit Negative For Banks: Moody’s

The default by Altico Capital India Ltd. last week is a sign of increasingly tight liquidity among property developers.That’s according to Moody’s Investors Services, which said in a recent note th...
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